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Title: The demand curve for labor is also Post by: lmalma on Oct 10, 2019 Question 1. A firm should hire more workers to increase its profits if ▸ there is enough capital and other resources for the workers to use. ▸ the wage rate is less than the marginal revenue product of labor. ▸ the marginal product of labor is greater than the wage the firm will pay these workers. ▸ the demand for labor is elastic. Question 2. The demand curve for labor is also ▸ the demand curve for the output produced with labor since the demand for labor is a derived demand. ▸ the marginal revenue product of labor curve. ▸ the marginal product of labor curve. ▸ the supply curve for the output labor is used to produce. Title: The demand curve for labor is also Post by: vande746 on Oct 10, 2019 Content hidden
Title: The demand curve for labor is also Post by: lmalma on Oct 10, 2019 Exactly what I needed for my project, TYSM
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