Which of the Following Factors Will Contribute to an Increase

question 8

Multiple Choice

Which of the following factors will contribute to an increase in the marginal productivity of labor?

• A)An increase in the cost of living
• B)Technological progress
• C)An increase in the demand for labor
• D)A high nominal wage

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Definitions:

Expenses

Expenses or the spending of resources or taking on of liabilities over time due to the delivery or production of goods, provision of services, or other actions that are central to the entity's primary operations.

Utility Expense

Costs incurred by a business or individual for utilities such as electricity, water, and gas.

Cash

Cash refers to company-held currency and bank account balances that are readily available for use.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.