The supply curve of labor is upward sloping because the marginal revenue produced by labor is greater than one

Indicate whether the statement is true or false

F

Economics

You might also like to view...

When a tax on a good starts small and is gradually increased, tax revenue will

a. rise b. fall c. first rise and then fall d. first fall and then rise e. do none of the above

Economics

If the demand for one good decreases when the price of another good increases, the two goods are ________ goods

A) normal B) inferior C) complementary D) substitute

Economics