A Firm's Demand for Labour Increases and Its Demand Curve

question 127

Multiple Choice

A firm's demand for labour increases and its demand curve for labour shifts rightward if

• A) the price of its product falls.
• B) its value of marginal product decreases.
• C) an advance in technology increases the marginal product of labour.
• D) the wage rate falls.

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Definitions:

Glaucoma

A group of eye conditions that lead to damage to the optic nerve, often associated with increased pressure in the eye, resulting in loss of vision if not treated.

Inner Ear

Of the mammalian ear, region that contains the fluid-filled vestibular apparatus and cochlea.

Eardrum

A thin membrane in the ear that separates the external ear from the middle ear and vibrates in response to sound waves, aiding in hearing.

Organ Of Corti

The Organ of Corti is the sensory organ located within the cochlea of the inner ear, essential for converting sound vibrations into electrical signals for the brain to interpret.