Question:
All of the following will cause the value of the marginal product of labor to increase,EXCEPT:
| A. |
an increase in the price of the good sold by the firm |
B. |
a new production technology is developed and implemented by the firm |
C. |
an increase in the number of workers employed by the firm |
D. |
an increase in the quantity of other factors of production used by the firm |
Answer» c. an increase in the number of workers employed by the firm |
Note: |
The above multiple-choice question is for all general and Competitive Exams in India. |