The marginal revenue product of labor curve is the firm's

Name: The marginal revenue product of labor curve is the firm's
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Question

Quizplus · Accepted Answer

The marginal revenue product of labor curve represents the additional revenue gained by the firm from hiring an additional unit of labor. It is based on the firm's demand for the output produced by the labor. Therefore, the correct answer is C, since the marginal revenue product of labor curve represents the demand curve for labor.

The Marginal Revenue Product of Labor Curve Is the Firm's