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Ao9 Ao9
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8 years ago
Labor demand is decreasing in the wage because
A) the marginal product of labor is increasing in labor.
B) the income effect is larger than the substitution effect.
C) the substitution effect is larger than the income effect.
D) the production function is concave.
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Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
You're sharp, thanks!
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#3
8 years ago
I'm assuming I was right? Wink Face Don't forget to mark as solved.
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