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Exhibit 13-2 -Refer to Exhibit 13-2. the MRP Curve for Labor for for Labor

Question 57

Multiple Choice

Exhibit 13-2 Exhibit 13-2 -Refer to Exhibit 13-2. The MRP curve for labor for the competitive firm is negatively sloped because A) the firm can sell more units only at lower prices. B) of all the reasons listed here. C) the marginal product of labor curve is negatively sloped. D) at lower prices, the demand for labor increases. E) of increasing returns to labor.
-Refer to Exhibit 13-2. The MRP curve for labor for the competitive firm is negatively sloped because

A) the firm can sell more units only at lower prices.
B) of all the reasons listed here.
C) the marginal product of labor curve is negatively sloped.
D) at lower prices, the demand for labor increases.
E) of increasing returns to labor.

Correct Answer: