Asked by
karla infante
on Nov 16, 2024
Verified
If the demand curve for wedding cakes shifts to the right, then the value of the marginal product of labor for bakers will
A) rise.
B) fall.
C) remain unchanged.
D) rise or fall; either is possible.
Marginal Product
The supplementary yield obtained from utilizing an additional unit of a specific input, assuming all other inputs remain constant.
- Learn how advancements in technology and pricing strategies for goods influence the balance of labor demand and supply.
Verified Answer
RB
Learning Objectives
- Learn how advancements in technology and pricing strategies for goods influence the balance of labor demand and supply.