A decrease in the marginal product of labor would be represented by

A) increase in labor demand.
B) decrease in labor demand.
C) increase in the quantity demanded of labor.
D) decrease in the quantity demanded of labor.
E) an increase in wages.

Question

Helia Keshtkar · Accepted Answer

Final Answer : B, Explanation :  A decrease in the marginal product of labor means that each additional unit of labor contributes less to output, leading firms to demand less labor at any given wage, thus decreasing labor demand.

A decrease in the marginal product of labor would be represented by

A) increase in labor demand.
B) decrease in labor demand.
C) increase in the quantity demanded of labor.
D) decrease in the quantity demanded of labor.
E) an increase in wages.

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Learning Objectives

Learning Objectives

Related questions

A decrease in the marginal product of labor would be represented byA) increase in labor demand.B) decrease in labor demand.C) increase in the quantity demanded of labor.D) decrease in the quantity demanded of labor.E) an increase in wages.

Definitions

Learning Objectives

Learning Objectives

Related questions

A decrease in the marginal product of labor would be represented by

A) increase in labor demand.
B) decrease in labor demand.
C) increase in the quantity demanded of labor.
D) decrease in the quantity demanded of labor.
E) an increase in wages.