The Demand for Labor Curve Slopes Downward Because

question 154

Multiple Choice

The demand for labor curve slopes downward because

• A) it takes more workers to produce more output.
• B) the value of marginal product of labor diminishes as the quantity of labor employed increases.
• C) at lower wages, people are not willing to work as many hours.
• D) wages are fixed.
• E) the supply of labor curve is upward sloping.

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