If the demand curve for wedding cakes shifts to the right, then the value of the marginal product of labor for bakers will
A)rise.
B)fall.
C)remain unchanged.
D)rise or fall; either is possible.

Question

Quizplus · Accepted Answer

When the demand curve for wedding cakes shifts to the right, it indicates an increase in demand for wedding cakes. This increase in demand typically leads to higher prices and potentially greater production, which in turn increases the value of the marginal product of labor for bakers as their work contributes to producing more of a now higher-valued product.

If the Demand Curve for Wedding Cakes Shifts to the Right