When drawn against the current real wage, the labor demand curve is
A) upward sloping because the marginal product of labor rises with the quantity of labor employed.
B) upward sloping because the marginal product of labor declines with the quantity of labor employed.
C) downward sloping because the marginal product of labor rises with the quantity of labor employed.
D) downward sloping because the marginal product of labor declines with the quantity of labor employed.
D
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Explain why insurance has been beneficial to markets
What will be an ideal response?
The dominance of banks in Germany comes at the expense of __________ markets there
A) securities B) government bond C) consumer borrowing D) foreign exchange
Refer to the above figure. The figure represents the consumption function for a consumer. Point D represents
A) autonomous consumption. B) saving. C) dissaving. D) zero saving.
Higher interest rates will, all else equal:
A. increase the extraction cost of a resource. B. increase the user cost of extracting a resource. C. reduce the user cost of extracting a resource. D. have no impact on either the user cost or extraction cost of a resource.