If a firm faces a labor supply curve that is positively sloped, then the marginal cost of labor curve
A) equals the wage rate.
B) equals the minimum wage.
C) lies above the value of marginal product curve.
D) lies above the labor supply curve.
D
Economics
You might also like to view...
Assuming all else equal, the demand curve for reserves in an economy shifts to the left. Which of the following could be a likely reason for this shift?
A) An increase in the federal funds rate B) A decrease in the federal funds rate C) Rapid contraction of the economy D) Rapid expansion of the economy
Economics
he? "normal" underlying level of unemployment in the economy is
What will be an ideal response?
Economics