Which of the following events would bring about a change in the value of the marginal product of labor?
A)technological progress that alters the amount a worker can produce
B)a change in the marginal product of labor
C)a change in the price of the product that the firm sells
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the events listed can change the value of the marginal product of labor: technological progress can increase productivity, a change in the marginal product of labor directly affects its value, and a change in the product's price alters the revenue generated by each unit of output.

Which of the Following Events Would Bring About a Change