A firm's demand for labor curve
A) is the same as its value of marginal product of labor curve.
B) shows how many jobs the firm demands at different wage rates.
C) shifts rightward when the price of the firm's output falls.
D) None of the above answers are correct.
A
Economics
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Refer to Figure 6-4. The absolute value of the price elasticity of demand at the midpoint of the demand curve is
A) one. B) at a maximum. C) at a minimum. D) zero.
Economics
The German bond market
A) is very large by international standards. B) is very small by international standards. C) is about the same size as the U.S. bond market. D) shrunk considerably in the 1990s.
Economics