If Labor Productivity Increases, the Marginal Revenue Product Curve Will

question 83

Multiple Choice

If labor productivity increases, the marginal revenue product curve will shift ________ and the profit maximizing quantity of labor demanded will ________.

• A) up; increase
• B) up; decrease
• C) down; increase
• D) down; decrease

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Definitions:

Intentionality

The ability to engage in behaviors directed toward achieving a goal.

Achieving Goal

The process of setting, pursuing, and attaining objectives or desired outcomes.

Behaviors

are the actions or reactions of an individual in response to external or internal stimuli.

Infant

A very young child, particularly before they can walk or speak; the earliest stage in human development.