Suppose a popular frying technique becomes illegal, decreasing the marginal products of fry cooks. After this...

Suppose a popular frying technique becomes illegal, decreasing the marginal products of fry cooks. After this technological change, a local fry establishment's demand for fry cooks is likely to

Group of answer choices

remain unchanged

change indeterminately

increase

decrease

Expert Solution

Because a frying technique becomes illegal , decreasing the marginal products of fry cooks. After this technological change , local fry establishment's demand for fry cooks is likely to decrease. As marginal product decreases , demand for fry cooks decreases. Hence, option(D) is correct.

Rahul Sunny answered 2 years ago

Suppose a monopoly produces products that exhibit negative externalities. The marginal private benefit associated with a...

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Suppose a popular frying technique becomes illegal, decreasing the marginal products of fry cooks. After this...

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Suppose a monopoly produces products that exhibit negative externalities. The marginal private benefit associated with a...

Suppose you have used the following Production Function to estimate the Industry’s average and marginal products for its inputs: