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Figure 18-10 -Refer to Figure 18-10. When the Relevant Labor Demand Curve

Question 336

Multiple Choice

Figure 18-10 Figure 18-10 -Refer to Figure 18-10. When the relevant labor demand curve is D<sub>1</sub> and the labor market is in equilibrium, A) the value of the marginal product of labor to firms is less than W<sub>1</sub>. B) the opportunity cost of leisure to workers is greater than W<sub>1</sub>. C) the wage is W<sub>1</sub>. D) All of the above are correct.
-Refer to Figure 18-10. When the relevant labor demand curve is D1 and the labor market is in equilibrium,


A) the value of the marginal product of labor to firms is less than W1.
B) the opportunity cost of leisure to workers is greater than W1.
C) the wage is W1.
D) All of the above are correct.

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