If the Marginal Product of Labor Is Decreasing in Labor

question 115

Multiple Choice

If the marginal product of labor is decreasing in labor, then a market labor demand curve is:

• A) positively sloped.
• B) negatively sloped.
• C) flat.
• D) varied.

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Definitions:

\(f ( x )\)

A symbolic representation of a function in terms of \(x\), where \(f\) denotes the function and \(x\) represents the variable.

Graph

A diagram representing mathematical relationships between variables, typically plotted with an x-axis and a y-axis.

\(f ( x )\)

Denotes a function of x, illustrating the relationship between x and its induced value.

Graph

A visual representation of data or functions on a two-dimensional plane, where the relationship between variables can be visually interpreted.