The First 3 Columns of the Following Table Show Data

question 56

Multiple Choice

The first 3 columns of the following table show data for a representative firm in an industry.The last 3 columns show the market demand and supply for the type of labour employed by this firm.

-What will be the effect if an economy experiences growth in its labour productivity over a period of years?

• A)The marginal revenue product of labour will decrease and,graphically,the demand for labour curve will shift to the right.
• B)The marginal revenue product of labour will increase and,graphically,the demand for labour curve will shift to the right.
• C)The marginal revenue product of labour will increase and,graphically,the supply of labour curve will shift to the left.
• D)The marginal revenue product of labour will increase and,graphically,the supply of labour curve will shift to the right.

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Definitions:

Intrinsic Pleasure

A feeling of satisfaction or joy that comes from within, not dependent on external factors.

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Patterns of attachment behavior that are established in early childhood and affect relationships throughout one's life, including secure, anxious, and avoidant attachment styles.

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A hormone produced by fat cells that helps to regulate energy balance by inhibiting hunger, thereby influencing body weight and appetite.