The largest category of expenditures for state and local governments is __________

Which of the following will not cause the labor demand curve to shift to the right?

A) a technological improvement that increases labor productivity B) an increase in human capital in the labor force C) an increase in the market wage rate D) an increase in the price of the firm's product

The ____ is the situation in which the marginal product of labor is greater than zero and declining as more labor is hired

a. law of demand b. law of diminishing supply c. law of diminishing returns d. law of returns to scale