An increase in the price of a firm's output increases the firm's demand for labor because the
A) marginal product of each worker increases.
B) value of marginal product of each worker increases.
C) value of marginal product curve becomes steeper.
D) value of marginal product curve becomes flatter.
B
Economics
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What is the distinction between nominal GDP and real GDP?
What will be an ideal response?
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Bank runs are a possibility because
A) the FDIC is inefficient. B) bankers are often poor businesspeople. C) in difficult times people want currency instead of demand deposits. D) banks do not keep enough reserves to cover all their depository liabilities.
Economics