The typical labor supply curve
A) is u-shaped.
B) equals the marginal product of labor.
C) slopes up.
D) slopes down.
E) depends on the size of the firm.

Name: The typical labor supply curve A) is u-shaped. B) equals the marginal product of labor. C) slopes up. D) slopes down. E) depends on the size of the firm.
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Question

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The typical labor supply curve slopes upward, indicating that as wages increase, workers are willing to supply more labor.

The Typical Labor Supply Curve