Assume that the marginal productivity of apple pickers has increased. Which graph best illustrates this change?

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Expert Solution

Answer is 1) graph in part c)

As productivity rise,MP of labour increase

Since Labor demand curve is Marginal revenue product curve which is MP * Price of output

So Labor demand curve shifts rightwards

Labor supply curve being unchanged,

In a) Labor demand curve shifts inwards, which is wrong

In b & d , no shifting of Demand curve, hence wrong

Rahul Sunny answered 1 year ago

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