Since people are paid wages to work,the opportunity cost of working is zero.
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Q120: Figure 8.3-Apple Production Q121: Ceteris paribus,a firm will hire more workers Q122: At the intersection of labor demand and Q123: If labor productivity increases,wages can rise without Q124: The MRP curve is the labor supply Q126: Marginal physical product increases as more workers Q127: The law of diminishing returns indicates that Q128: The demand for labor depends on worker Q129: An increase in the wage rate will Q130: One of the determinants of the market![]()
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