When Labour Productivity Increases, the Demand for Labour Curve ________

question 54

Multiple Choice

When labour productivity increases, the demand for labour curve ________ and the supply of labour curve ________.

• A)shifts rightward; shifts rightward
• B)shifts rightward; does not shift
• C)shifts leftward; shifts rightward
• D)shifts leftward; does not shift
• E)shifts rightward; shifts leftward

Grasp the advantages and disadvantages of classroom training.

Understand the principle and effectiveness of mentoring in the workplace.

Understand the critical role and process of orientation for new employees.

Identify the effectiveness and purposes of different coaching techniques.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Soft Drink Dispensing

The process or equipment used for serving soft drinks, typically seen in restaurants, convenience stores, or vending machines.

Marginal Costs

The augmentation in total expenditures resulting from the production of an additional unit of a product or service.

Law of Diminishing

Refers to the Law of Diminishing Returns, which states that continuing to increase one input, while holding others constant, will eventually result in smaller and smaller additions to output.