Technological Advances That Increase the Marginal Product of Labor Will

Technological advances that increase the marginal product of labor will lead to:

A) a decrease in the demand for labor because the firm won't need as many workers.
B) an increase in the demand for labor because workers will be more productive.
C) no change in demand for labor because the demand for labor depends on the wage.
D) a decrease in the supply of labor because fewer workers can get the job done.

Correct Answer:

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