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Author Question: If the individual labor supply curves for all workers in a given location slope up, the market ... (Read 81 times)

Mr.Thesaxman

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Question 1

An deterioration in technology will cause a marginal revenue product of labor curve to


◦ be unaffected because the productivity of labor has not changed.
◦ shift to the left.
◦ shift to the right
◦ become more elastic.

Question 2

If the individual labor supply curves for all workers in a given location slope up, the market supply curves in that location


◦ will slope down.
◦ will also slope up.
◦ will be vertical.
◦ may slope up, down, or be vertical.


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Marked as best answer by Mr.Thesaxman on Apr 19, 2019

randomguy133

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Mr.Thesaxman

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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