Figure 18-5 -Refer to Figure 18-5. Assume W₁ = $15 and W₂

question 193

Multiple Choice

Figure 18-5
-Refer to Figure 18-5. Assume W₁ = $15 and W₂ = $11, and the market is always in equilibrium. A shift of the labor supply curve from S₂ to S₁ would

• A)decrease the value of the marginal product of labor by $4.
• B)increase the value of the marginal product of labor by $4.
• C)increase the value of the marginal product of labor by more than $4.
• D)not change the value of the marginal product of labor.

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