Register
Which of the following events could increase the demand for labor?a. An increase in the marginal productivity of workers b. A decrease in the amount of capital available for workers to use c. A decrease
61.1k views
3 votes
Which of the following events could increase the demand for labor?a. An increase in the marginal productivity of workers b. A decrease in the amount of capital available for workers to use c. A decrease in the wage paid to workers d. A decrease in output price

User Tungd
by
5.5k points

1 Answer

5 votes

Answer: Option A

Explanation: Marginal productivity of labor can be defined as the increase or decrease in the level of output by employing one more unit of labor.

If the marginal productivity of labor increases the output of the firms will increase also, leading to profit of suppliers. If the profit of suppliers increase due to labor input factor they would demand more of it.

User Alex Young
by
5.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.4m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
How do i figure out a months ending capital
Link Copied!