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The Value of Marginal Product of Labor Curve

Question 145

Multiple Choice

The value of marginal product of labor curve


A) is upward sloping because firms want to hire more workers to increase production.
B) shows the price of a factor of production multiplied by the amount of the factor employed.
C) is the same as a firm's supply of labor curve.
D) is downward sloping if each additional worker's marginal product is decreasing.
E) is U-shaped.

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