Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
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 36 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
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nicolepope23
wrote...

Yesterday
Correct Slight Smile TY
njn;l
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1151 People Browsing
 104 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 688
  
 233
  
 819
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Should Ph.D.'s be addressed as doctors?