Figure 18-6 -Refer to Figure 18-6.Assume W₁ = $20 and W₂ =

question 101

Multiple Choice

Figure 18-6
-Refer to Figure 18-6.Assume W₁ = $20 and W₂ = $22 and the market is always in equilibrium.Then the shift of the labor demand curve from D₁ to D₂

• A) increases the value of the marginal product of labor by $2.
• B) increases the value of the marginal product of labor by less than $2.
• C) decreases the value of the marginal product of labor by more than $2.
• D) does not change the value of the marginal product of labor.

---

Definitions:

Daily Basis

Refers to activities or transactions that occur every day as a regular part of an operation or process.

Retail Store

A physical location where consumers can purchase goods or services directly from a business.

Market Segments

The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and needs.

Principal Criteria

The main or most important standards used to evaluate options or make decisions.