An Increase in the Value of the Marginal Product of Labor

question 221

Multiple Choice

An increase in the value of the marginal product of labor has the effect of increasing the

• A)demand for labor.
• B)wage.
• C)quantity of labor employed.
• D)All of the above are correct.

---

Definitions:

Distrains

The act of legally seizing someone's property as a way to secure the payment of debts or obligations.

Nuisance

An act, condition, or thing that is annoying, inconvenient, or causes damage to legal rights.

Injunction

An equitable remedy of the court that orders the person or persons named therein to refrain from doing certain acts.

Yearly Periodic Lease

A lease agreement that automatically renews each year unless terminated by either party.