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Braca643 Braca643
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5 years ago
Assume that the labor market is perfectly competitive. An increase in the productivity of labor
A) causes the marginal factor cost of labor to decrease.
B) generates a lower wage rate.
C) causes an increase in the demand for labor.
D) causes a reduction in the demand for labor since each worker is now more productive.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Dessa D.Dessa D.
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Mind blown, I've bookmarked this site on told my friends
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