The market demand curve for labour
A) is determined by adding up the quantity of labour demanded by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
B) is the same as the market demand curve for the product labour produces because it is a derived demand.
C) is determined by adding up the demand for labour by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
D) is perfectly inelastic because there is a finite number of workers in the market for labour.
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Q59: Table 12.3 Q60: What is the marginal product of labour? Q61: A profit-maximising firm should hire workers up Q62: A firm's labour demand curve is also Q63: Suppose a competitive firm is paying a Q65: The marginal product of labour curve is Q66: Which of the following factors will not Q67: To what will an increase in the Q68: Table 12.4 Q69: The marginal product of labour is the
A)The
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