An increase in the productivity of labor induces a) a firm to hire fewer workers since fewer workers are needed with the increase in productivity. b)an increase in the cost of labor. c) a firm to offer a higher wage for workers since the workers are now more productive. d) an increase in the demand for labor.

An increase in the productivity of labor induces a) a firm to hire fewer workers since fewer workers are needed with the increase in productivity. b)an increase in the cost of labor. c) a firm to offer a higher wage for workers since the workers are now more productive. d) an increase in the demand for labor.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 18SQ

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