Asked by
Jocelyne Jones
on Nov 06, 2024
Verified
An deterioration in technology will cause a marginal revenue product of labor curve to
A) be unaffected because the productivity of labor has not changed.
B) shift to the left.
C) shift to the right
D) become more elastic.
Marginal Revenue Product Curve
A graphical representation showing how the revenue generated from selling an additional unit of output changes as more of the output is produced.
- Assess how changes in the demand for products and advancements in technology impact the marginal revenue product of labor and the resulting demand for labor.
Verified Answer
LA
Learning Objectives
- Assess how changes in the demand for products and advancements in technology impact the marginal revenue product of labor and the resulting demand for labor.
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