Solved

Which of the Following Is Not True About the Demand

Question 121

Multiple Choice

Which of the following is not true about the demand curve for labor of a competitive firm?


A) As the wage rate the firm pays decreases, the quantity of labor it demands (employs) increases.
B) It shows how much labor the firm is willing to employ at different wage rates.
C) It is identical to the marginal revenue product curve of labor.
D) The wage rate exceeds the workers' opportunity costs.
E) It is downward sloping.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions