Refer to the graph. Each of the three labor demand curves shown slopes downward because of the
A)law of diminishing marginal utility.
B)law of increasing opportunity costs.
C)principal-agent problem.
D)law of diminishing returns.

Question

Refer to the graph. Each of the three labor demand curves shown slopes downward because of the
A)law of diminishing marginal utility. 
B)law of increasing opportunity costs. 
C)principal-agent problem. 
D)law of diminishing returns.

Quizplus · Accepted Answer

The Answer of  Refer to the graph. Each of the three labor demand curves shown slopes downward because of the
A)law of diminishing marginal utility. 
B)law of increasing opportunity costs. 
C)principal-agent problem. 
D)law of diminishing returns.

Refer to the Graph