• 2022-06-07
    Which of the following will increase the marginal product of labor in the labor market?
    A: An increase in the price level and the money wage.
    B: An increase in the real wage.
    C: A decrease in the capital stock.
    D: An increase in the supply of labor.
  • B

    内容

    • 0

      A competitive firm hires labor until the marginal product of labor<br/>equals the ____ A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.

    • 1

      Which of the following contributes to an increase in labor productivity? A: increased consumption expenditure B: decreased investment C: increased capital stock D: All of the above contribute to an increase in labor productivity.

    • 2

      Marginal product of labor is the increase in the amount of output from an additional unit of labor. A: right. B: wrong.

    • 3

      In the short run, the impact of an increase in the money supply on the price level and real output will be: Price level Real output() ①A. Increase Increase ②B. Increase No change ③C. No change Increase A: ① B: ② C: ③

    • 4

      If a labor market is dominated by a monopolist, it is possible that the imposition of a minimum wage law could INCREASE the amount of employment in that market.