Suppose That a New Invention Increases the Marginal Productivity of Labor

question 330

Multiple Choice

Suppose that a new invention increases the marginal productivity of labor, shifting labor demand to the right. Such an invention would be an example of

• A)labor-saving technology.
• B)labor-augmenting technology.
• C)revenue technology.
• D)supply-shifting technology.

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Marketing Mix

A blend of product, price, place (distribution), and promotion strategies used by a company to market its products or services effectively.

Sporting Apparel

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Marketing Exchange

The process through which two or more parties transfer goods, services, or ideas in return for something of value.