A firm's demand for labor curve is also
A) its value of marginal product of labor curve.
B) the demand curve for the good it produces.
C) the supply of labor curve.
D) its marginal cost curve.
E) the supply curve for the good it produces.

Question

Quizplus · Accepted Answer

A firm's demand for labor curve is equivalent to its value of marginal product of labor curve. This curve shows the amount of additional output the firm can produce by adding one more unit of labor, and at each level of employment, it reflects how much the firm is willing to pay for that extra unit of labor. Therefore, option A is correct.

A Firm's Demand for Labor Curve Is Also