If a Firm Acquires New Machines That Complement Labor

question 112

Multiple Choice

If a firm acquires new machines that complement labor

• A)there will be no effect on the marginal product of labor curve.
• B)the amount of labor services hired will decrease.
• C)the marginal revenue product of labor curve will shift upward.
• D)the marginal revenue product of labor curve will shift downwarD.

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Definitions:

Anal Stage

The Anal Stage is the second stage in Freud's psychosexual development theory, occurring from about 18 months to 3 years of age, where the child's focus is on controlling bladder and bowel movements.

Toilet Trained

Refers to when someone, typically a young child, has learned to use the toilet for urination and defecation.

Sexual Feelings

Emotions and physiological responses related to sexual attraction and desire.

Defense Mechanism

Psychological strategies unconsciously employed to protect a person from anxiety arising from unacceptable thoughts or feelings.