9. A decrease in the demand for fish a. decreases the value of the marginal product of

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9. A decrease in the demand for fish

a. decreases the value of the marginal product of fishermen, reduces their wage, and reduces employment in the fishing industry.

b. increases the value of the marginal product of fishermen, increases their wage, and increases employment in the fishing industry.

c. decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry.

d. increases the value of the marginal product of fishermen, increases their wage, and decreases employment in the fishing industry.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 15, 2024 05:00 AM

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9. A decrease in the demand for fish a. decreases the value of the marginal product of

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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