An Increase in the Supply of Labor

question 300

Multiple Choice

An increase in the supply of labor

• A)increases the equilibrium wage and increases the value of the marginal product of labor.
• B)increases the equilibrium wage and decreases the value of the marginal product of labor.
• C)decreases the equilibrium wage and increases the value of the marginal product of labor.
• D)decreases the equilibrium wage and decreases the value of the marginal product of labor.

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