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:

Major Structure

The most stable or predominant structure among several possible structures of a molecule.

Synthetic Steps

The individual chemical reactions performed in sequence to construct a complex molecule from simpler starting materials.

Transformation

The genetic alteration of a cell by the direct uptake and expression of DNA from its surroundings.

Oxidants

Chemical substances that have the ability to oxidize other substances, meaning they can accept electrons from another substance during a chemical reaction.