Author Question: The marginal revenue product of labor curve will always shift to the right if (Read 64 times)

audie · **on:** Apr 19, 2019

Question 1

If a product's demand decreases as its supply simultaneously increases, the marginal revenue product curve will

◦ shift to the right.
◦ shift to the left.
◦ remain unchanged.
◦ either shift to the left, shift to the right, or remain unchanged depending upon what happens to product price.

Question 2

The marginal revenue product of labor curve will always shift to the right if

◦ the wage rate rises.
◦ product demand decreases and product price decreases.
◦ product demand increases and product price increases.
◦ the price of capital rises.

chevyboi1976 · **Reply #1 on:** Apr 19, 2019

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