The Labor Demand Curve in a Perfectly Competitive Factor Market

question 112

Multiple Choice

The labor demand curve in a perfectly competitive factor market is the sum of all firms':

• A) marginal product curves.
• B) marginal revenue product curves.
• C) marginal physical product curves.
• D) average physical product curves.

---

Definitions:

Mutual Savings Bank

A financial institution owned by its depositors, primarily engaging in saving accounts and residential mortgage lending.