Suppose That Consumers Suddenly Prefer to Do Business with Left-Handed

question 112

Multiple Choice

Suppose that consumers suddenly prefer to do business with left-handed workers instead of right-handed workers.We would expect that the marginal revenue product of

• A) left-handed workers would rise,which would increase the demand for left-handed workers.This will increase the number of left-handed workers employed,which will in turn increase the marginal product of left-handed workers.
• B) left-handed workers would rise,which would increase the demand for left-handed workers.This will increase the number of left-handed workers employed,which will in turn reduce the marginal product of left-handed workers.
• C) right-handed workers would rise,which would increase the demand for right-handed workers.This will increase the number of right-handed workers employed,which will in turn increase the marginal product of right-handed workers.
• D) right-handed workers would fall,which would reduce the demand for right-handed workers.This will reduce the number of right-handed workers employed,which will in turn reduce the marginal product of right-handed workers.

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Definitions:

Modes of Acting

Different styles or methods through which individuals can express themselves or perform tasks.

Modes of Interacting

Different ways people communicate and engage with each other, often determined by context, culture, or personal preference.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

External Factors

Elements outside an organization or individual that can affect their performance or decision-making process.