Which of the Following Events Would Lead to an Increase

question 67

Multiple Choice

Which of the following events would lead to an increase in the marginal product of labor for every quantity of labor?

• A)An increase in the real wage
• B)A decrease in the real wage
• C)A favorable supply shock such as a fall in the price of oil
• D)An adverse supply shock, such as a reduced supply of raw materials

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Definitions:

Sherman Act

A foundational United States antitrust law aimed at regulating competition among enterprises.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting fair competition and preventing unfair business practices.

Antitrust Laws

Regulations put in place to prevent unfair practices that restrict competition, such as monopolies and cartels.

Physical Attractiveness

Refers to the degree to which a person's physical features are considered aesthetically pleasing or beautiful.