The demand curve for labor slopes downward because:

The demand curve for labor slopes downward because:
a. few workers are willing to work at low wages.
b. capital has been substituted for labor in most industries.
c. of the diminishing marginal product of labor.
d. of all of the above.

QUESTION 2

What kind of problem do creditors lending funds to a sole proprietorship form of business face?

QUESTION 3

Subjective evaluations
A) lend themselves to easy measurement.
B) are objective in nature.
C) are directly measured by productivity.
D) are based on opinion.

QUESTION 4

The major reason the market demand curve for labor slopes downward is because:
a. at lower wage rates, workers are less willing to supply labor to the market.
b. at lower wage rates, workers are more willing to supply labor to the market.
c. of the law of diminishing marginal product.
d. of the law of diminishing marginal resource cost.

QUESTION 5

Why is it necessary to separate the management function in an organization from those of finance and residual claimancy?

QUESTION 6

Economists would largely motivate employees by appealing to their
A) compensation.
B) need for time off.
C) intrinsic motivation.
D) none of these choices.

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The demand curve for labor slopes downward because:

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