The labor demand curve shows the
a. number of workers that firms will want to hire at any wage rate
b. number of people who will want jobs at any wage rate
c. amount of labor that a firm needs to produce a given amount of output
d. equilibrium wage rate and number of workers employed
e. amount of output workers will be able to buy for a given number of hours worked
A
You might also like to view...
When more workers are hired, the firm's output expands at an increasing rate only
a. when the law of diminishing returns is operative b. under conditions of noncompeting labor markets c. if each worker's MPP is positive d. when technology is improved e. when the gains from specialization of labor outweigh all other factors affecting labor productivity
A firm owned by two or more persons who each bear the responsibilities and unlimited liabilities of the firm is a(n)
a. corporation b. sole proprietorship c. organization that is disallowed under current IRS rules d. partnership e. multinational