The Value of Marginal Product of Labour Curve Is Downward

question 70

Multiple Choice

The value of marginal product of labour curve is downward sloping because

• A) firms must lower price to sell more.
• B) at lower wages,only less qualified workers are available.
• C) of the law of diminishing marginal product.
• D) profits decline as more workers are hired.
• E) productivity rises as more workers are hired.

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