The value of marginal product curve is downward sloping because
A) firms must lower price to sell more.
B) at lower wages,only less qualified workers are available.
C) of the law of diminishing marginal product.
D) profits decline as more workers are hired.
Correct Answer:
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Q24: Technological advances shift the demand for labor
A)to
Q25: A firm is unlikely to hire a
Q26: The optimal number of workers for a
Q27: If demand for the product you make
Q28: The chart below describes the short
Q30: The general rule governing the hiring of
Q31: If a labor market does not meet
Q32: To derive the labor demand curve for
Q33: The demand function curve for workers
A)is dependent
Q34: The chart below describes the short
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