The demand curve for labor slopes downward because
a. few workers work at low wages.
b. capital has been substituted for labor in most industries.
c. of the diminishing marginal product of labor.
d. All of the above are true.
c
Economics
You might also like to view...
Refer to Figure 1-4. Which of the following statements is false?
A) The slope of the tangent at E and the slope of the tangent at F are equal. B) The slope of the tangent at F is negative. C) The slope of the tangent at E is positive. D) Neither the slope of the tangent at E nor the slope of the tangent at F are equal to zero.
Economics
Scarcity:
a. ensures that people become satisfied with less than what they want. b. exists only during a recession. c. exists only in some countries. d. affects only poor people. e. requires people to make choices to satisfy their wants.
Economics