We Say That the Demand for Labor Is a Derived

question 230

Multiple Choice

We say that the demand for labor is a derived demand because

• A) labor is a necessary input in the production of every good or service.
• B) we demand the product that labor helps produce rather than labor service per se.
• C) the forces of supply and demand do not apply directly to labor markets.
• D) labor is hired using the MRP = MRC rule.

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