The marginal product of the labor curve represents the:
A) demand for wages.
B) supply of labor.
C) demand for labor.
D) demand for capital.
E) supply of wages.

Question

Quizplus · Accepted Answer

The marginal product of labor curve shows the additional output that is produced when one additional unit of labor is added to the production process. This curve represents the demand for labor by the firm, as it shows how much output the firm can produce with varying levels of labor input. The higher the marginal product of labor, the greater the demand for additional labor to increase production.

The Marginal Product of the Labor Curve Represents The