If a firm adopts a labor-saving piece of technology, it will:
A. increase the marginal product of labor.
B. decrease the marginal product of labor.
C. increase the marginal supply of labor.
D. decrease the marginal supply of labor.
B. decrease the marginal product of labor.
Economics
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Cyclical deficit (surplus)
What will be an ideal response?
Economics
Weighing the benefits and costs of the different speeds at which to sail an ocean cargo ship addresses the economic concept known as
A) the principle of opportunity cost. B) the principle of voluntary exchange. C) the marginal principle. D) the principle of diminishing returns.
Economics