The Following Question Are Based on the Following Diagram

question 27

Multiple Choice

The following question are based on the following diagram:

-The shift in the marginal product of labor curve shown in the diagram might be caused by

• A) population growth.
• B) an increase in the price of food.
• C) a declining average product of labor.
• D) technological change.
• E) a decreasing total product of labor.

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Definitions:

Cash Received

The total amount of money, including cash, checks, and electronic transfers, that is received by a business during a specified period.

Accounting

The information system that identifies, records, and communicates the economic events of an organization to interested users.

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.