Author Question: If the marginal product of labor increases because of a shift of the MP curve, that will likely ... (Read 21 times)

Medesa

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If the marginal product of labor increases because of a shift of the MP curve, that will likely cause
 a. an increase in the price of output produced by labor
  b. an increase in labor demand
  c. an increase in labor supply
  d. a fall in the wage paid to labor
  e. a fall in the number of workers employed

Question 2

Which of the following is an example of an activity that generates positive externalities.
 a. driving a car
  b. producing clothing
  c. washing your car
  d. education
  e. building a bridge



Loise Hard

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Answer to Question 1

B

Answer to Question 2

D



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