Author Question: Increases in the marginal product of labor can be attributed to: A) specialization of workers. ... (Read 32 times)

pepyto · **on:** Jun 29, 2018

Increases in the marginal product of labor can be attributed to:

A) specialization of workers.
B) depreciation of capital.
C) diminishing returns to workers.
D) congestion and thus better use of work space.

Question 2

In 2015, the price of peanuts was rising, which led peanut butter buyers to expect the price of peanut butter would rise in the future.

Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase
B) an increase in supply of peanut butter; a decrease; an increase
C) a decrease in demand for peanut butter; a decrease; a decrease
D) a decrease in supply of peanut butter; an increase; a decrease