Assuming all else equal, if the marginal product of labor rises, ________.
A) there is a rightward movement along the labor demand curve
B) the labor demand curve shifts to the right
C) there is a leftward movement along the labor demand curve.
D) the labor demand curve shifts to the left
Question 2
In economics, cost is measured as ________, and benefit is measured as ________.
A) what you are willing to pay on the margin; what the government pays you when you are unemployed or retired
B) the amount of money that you pay on the margin; the amount of money that you receive on the margin
C) what you must give up to get something; what you are willing to give up to get it
D) the amount of money that you pay for something; the amount of money that someone else is willing to pay you
E) what you are willing to give up to get it; what you must give up to get something
Labor and delivery.
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Overallocation of Labor to Sector 1
A Production Function with Diminishing Marginal Product of Capital
Product Rule
Find derivative using product rule