The Demand Curve for Labor Slopes Down Because

question 141

Multiple Choice

The demand curve for labor slopes down because

• A) firms value less efficient workers less than they value more efficient workers.
• B) firms must lower prices to sell the additional units of its product that the extra workers produce.
• C) of the law of diminishing marginal product.
• D) of profit maximizing behavior.

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The aspect of society that deals with the structure, processes, and activities related to governance, policymaking, and public administration.

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