A firm's demand for labor curve is also called its
A)marginal revenue product of labor curve.
B)marginal factor cost of labor curve.
C)marginal valuation curve.
D)marginal benefit of labor curve.

Question

Quizplus · Accepted Answer

The demand for labor curve shows the marginal revenue product of labor at each level of employment. It represents the additional revenue a firm can expect to receive by hiring one more unit of labor.

A Firm's Demand for Labor Curve Is Also Called Its