A Massive Power Surge Wipes Out Half of All Computers

question 16

True/False

A massive power surge wipes out half of all computers in Melbourne.This will result in a lower demand for office workers, increasing their marginal product of labour and, hence, raising the wage of office workers.

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Definitions:

Marginal Costs

The cost added by producing one additional unit of a product or service.

Producing

The process of creating goods or services to be offered to the market.

Marginal Benefit

The heightened satisfaction or utility one gets from acquiring one more unit of a product or service.

Producing

The process of creating, manufacturing, or bringing forth goods and services for consumption or use.