|
Title: A firm's demand curve for labor slopes downwards because Post by: linhhh on Feb 28, 2019 Question 1. As more output is produced, the marginal product of labor declines• because of the law of diminishing returns. • if firms reduce the wage paid to labor. • if the firm's output supply curve is inelastic. • because the firm's marginal revenue declines. Question 2. A firm's demand curve for labor slopes downwards because• of the law of diminishing marginal returns. • firms supply less labor as the wage rate rises. • workers supply less labor services as the wage rate falls. • of rising marginal product. Title: A firm's demand curve for labor slopes downwards because Post by: n00835996 on Feb 28, 2019 Content hidden
|