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Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?

A. have skills that are in relatively scarce supply

B. produce output for which there is great demand

C. usually have little capital with which to work

D. are usually highly paid

Related Questions on Production Factors Mcqs for Economics

An individual firm’s demand for a factor of production ?

A. Slopes downward because an increase in the production of output reduces the price at which the output can be sold in a competitive market, thereby red

B. Slopes downward due to the factor’s diminishing marginal product

C. slopes upward due to the factor’s increasing marginal product

D. is perfectly elastic (horizontal) if the factor market is perfectly competitive