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stars_and_moon stars_and_moon
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7 years ago
Marginal revenue product slopes downward for a price taker because
A) price must be increased in order to sell the additional output that is produced when more labor is employed.
B) marginal product of labor increases as the quantity of labor is increased.
C) marginal product of labor decreases as the quantity of labor is increased.
D) price must be decreased in order to sell the additional output that is produced when more labor is employed.
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kingbykingby
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
I was slightly debating this one, thanks for the feedback
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