When Labor Supply Increases

question 176

Multiple Choice

When labor supply increases,

• A)the marginal productivity of workers always increases.
• B)profit-maximizing firms reduce employment.
• C)wages increase as long as labor supply is upward sloping.
• D)wages decrease as long as labor demand is downward sloping.

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Definitions:

Conditional Expression

An expression that evaluates to true or false based on a specific condition, often used in control structures like if-then-else statements.

If Statement

A conditional statement in programming that executes a block of code if a specified condition is true and often includes an else clause for when the condition is false.

Evaluated

The process of assessing or examining something to determine its value, quality, or importance.

Conditional Expressions

Conditions or formulas that produce different outcomes based on varying inputs, primarily used for decision logic in programming.