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:

Verified
Correct Answer:
Verified
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