Multiple Choice
The marginal product of labor indicates ________.Therefore the MPL curve is also ________.
A) the quantity of labor supplied for a given wage;the equilibrium price of labor
B) the quantity of labor demanded for a given wage;the equilibrium price of labor
C) the quantity of labor demanded for a given wage;the demand curve of labor
D) the quantity of labor supplied for a given wage;the supply curve of labor
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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