The demand for labor is a derived demand, whereas the demand for capital is not.
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Q16: The marginal revenue product of labor is
Q17: The less the elasticity of product demand,
Q18: To maximize profits, a competitive firm will
Q19: If two resources are complementary, an increase
Q20: Changes in the price of a product
Q22: The marginal productivity theory of income distribution
Q23: The MRP of labor curve is the
Q24: The more elastic the demand for a
Q25: Elasticity of resource demand is measured by
Q26: It will be profitable for a firm
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