When Labour Supply Increases,what Will Result

question 66

Multiple Choice

When labour supply increases,what will result

• A)The marginal productivity of workers continually increases.
• B)Profit-maximizing firms reduce employment.
• C)The value of marginal productivity of workers increases as long as labour supply is upward sloping.
• D)Wages decrease as long as labour demand is downward sloping.

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Definitions:

Human Development

The process of growth and change that occurs over a person’s lifetime, encompassing physical, cognitive, and socio-emotional development.

Dependent Variable

In a scientific study, a measure of an assumed effect of an independent variable.

Performance

Performance refers to the act of carrying out a task or function, often evaluated in terms of effectiveness, efficiency, or skill.

Socioeconomic Status

A combined measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.