Which of the Following Events Could Increase the Demand for Labor

question 226

Multiple Choice

Which of the following events could increase the demand for labor?

• A)A decrease in output price
• B)A decrease in the amount of capital available for workers to use
• C)An increase in the marginal productivity of workers
• D)A decrease in the wage paid to workers

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Definitions:

Pizza

A popular dish of Italian origin, consisting of a flat round base of dough baked with a topping of tomato sauce and cheese, often with added meats, vegetables, or other ingredients.

Soda Pop

A carbonated soft drink available in various flavors, often sweetened and served chilled.

Utility-Maximizing

A principle in economics where consumers allocate their income to purchase goods and services that provide the highest satisfaction or utility.

Staples

Basic or essential food items and products that are consumed regularly and necessary for daily living.