The Marginal Expenditure Curve for Labor Is Based on the Assumption

question 49

Multiple Choice

The marginal expenditure curve for labor is based on the assumption that:

• A) the most productive workers are hired first.
• B) the wage rate is independent of the quantity of labor employed.
• C) the market supply curve for labor is infinitely elastic.
• D) all workers are paid the same wage rate.
• E) none of the above

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