Which of the Following Would Be a Consequence of a Fall

question 95

Multiple Choice

Which of the following would be a consequence of a fall in the price of the final product in a competitive industry?

• A)Each firm's labor demand curve will shift downward.
• B)The marginal value product of labor is higher for each firm.
• C)The marginal cost curve for each firm will shift outward away from the origin.
• D)The employment of labor in the industry will increase.

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Definitions:

Bones and Muscles

Structures that work together in the human body to provide support, protect internal organs, and enable movement.

Umbilical Cord

A flexible cord-like structure connecting a fetus to the placenta, supplying oxygen and nutrients while removing waste.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to and removing waste from the fetus through the umbilical cord.

Blood

A vital fluid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.