The Labor Demand Curve of a Firm

question 1

Multiple Choice

The labor demand curve of a firm

• A) will shift to the left if the price of the product that the labor is producing falls.
• B) is perfectly elastic if the firm is selling its product in a purely competitive market.
• C) reflects a direct relationship between the number of workers hired and the money wage rate.
• D) is the same as its marginal product curve.

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