The Following Question Are Based on the Following Information for a Firm

question 31

Multiple Choice

The following question are based on the following information for a firm under conditions of perfect competition:

-A firm's demand curve for labor is

• A) backward bending, especially in the short run.
• B) its value of labor's marginal product curve.
• C) equal to the price of labor times its productivity.
• D) calculated by dividing total output per day by the number of workers.
• E) derived from the supply of labor.

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Definitions:

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