Increases in the Productivity of Labor Tend to

question 81

Multiple Choice

Increases in the productivity of labor tend to

• A)increase the marginal revenue product of labor and the wages employers are willing to pay for any given amount of labor.
• B)decrease the marginal revenue product of labor and increase the wages employers are willing to pay for any given amount of labor.
• C)increase the marginal revenue product of labor but have no effect on the wages employers are willing to pay for any given amount of labor.
• D)decrease the marginal revenue product of labor and the wages employers are willing to pay for any given amount of labor.

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