If a firm faces a labor supply curve that is positively sloped, then the marginal cost of labor curve
A) equals the wage rate.
B) equals the minimum wage.
C) lies above the value of marginal product curve.
D) lies above the labor supply curve.
D
You might also like to view...
Apply what you have learned about development and development theories so speculate on the following thought experiment: What if anything might be different about today's international economic order if the Spanish had colonized North America and
the English had colonized South America?
Productivity growth rates in the United States have remained fairly constant from 1948 to 2000
a. True b. False Indicate whether the statement is true or false
If an asset is considered liquid, then it:
A. can be sold quickly for cash, but tends to lose value. B. can easily be traded for other assets. C. can be sold quickly for cash without much loss of value. D. cannot be sold quickly for cash without much loss of value.
Cost-push inflation occurs when there is ________________.
Fill in the blank(s) with the appropriate word(s).