The Marginal Revenue Product is ?

The Marginal Revenue Product is ?

A. Upward slog due to the law of demand
B. Upward slog due to the law of marginal utility
C. Downward slog due to the law of diminishing returns
D. Downward slog due to the law of supply

A fall in demand for labour is likely to lead to ?

A fall in demand for labour is likely to lead to ?

A. A lower equilibrium wage and lower quantity of labour
B. A lower equilibrium wage and higher quantity of labour
C. A higher equilibrium wage and higher quantity of labour
D. A higher equilibrium wage and lower quantity of labour

An increase in the wage rate ?

An increase in the wage rate ?

A. Will usually lead to more people employed
B. Will decrease total earning if the demand for labour is wage elastic
C. is illegal in a free market
D. will cause a shift in the demand for labour