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A Firm's Demand for Labor Is Referred to as a Derived

Question 124

Multiple Choice

A firm's demand for labor is referred to as a derived demand because


A) It is derived from the MPP of labor.
B) It is derived from the demand for the product that the labor is producing.
C) The quantity of goods and services labor can purchase is derived from the wages labor receives from the firm.
D) It is derived from the supply of labor.

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