Multiple Choice
A firm's demand curve for labour slopes downwards because
A) of the law of diminishing marginal returns.
B) firms supply less labour as the wage rate rises.
C) workers supply less labour services as the wage rate falls.
D) of rising marginal product.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: A firm might prefer a commission system
Q99: If Molly Bee increases her work hours
Q121: The typical labour supply curve is upward
Q122: Some superstar athletes in the sports industry
Q124: Suppose the labour market is in equilibrium.Which
Q125: An example of a compensating wage differential
Q127: Table 12.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 12.5
Q161: Let MP = marginal product, P =
Q191: What is the difference between "straight-time pay,"
Q279: Higher wages that compensate workers for unpleasant