Which of the Following Is Correct

question 231

Multiple Choice

Which of the following is correct?

• A)Any event that changes the supply or demand for labor must change the value of the marginal product.
• B)A profit-maximizing firm hires workers so long as the wage rate exceeds the value of the marginal product of labor.
• C)An increase in the supply of labor increases both employment and wages.
• D)A decrease in the demand for labor decreases wages but increases employment.

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