Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
linhhh linhhh
wrote...
Go to Answer
Posts: 449
Rep: 11 0
5 years ago

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.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 37 times
1 Reply
Replies
Answer verified by a subject expert
n00835996n00835996
wrote...
#1
Posts: 345
Rep: 49 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

linhhh Author
wrote...

5 years ago
this is exactly what I needed
ediblefruitz
wrote...

Yesterday
Thanks
annabananerz
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1175 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 297
  
 257
  
 5870