A Decrease in the Price of a Firm's Output

question 22

Multiple Choice

A decrease in the price of a firm's output

• A)decreases the supply of labour.
• B)increases the supply of labour.
• C)increases the value of marginal product of labour.
• D)decreases the quantity of labour demanded.
• E)decreases the value of marginal product of labour.

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Definitions:

Suffix

A letter or group of letters added at the end of a word to modify its meaning or change it into a different word class.

Supply

The total amount of a product or service that is available for purchase or use.

Limp

Limp describes a type of walking that is uneven or unsteady, usually because of pain or injury to the leg or foot.

Suffix

a letter or group of letters added at the end of a word to form a new word or alter its function.