According to the Marginal Productivity Theory of Resource Demand, the Labor-Demand

question 234

Multiple Choice

According to the marginal productivity theory of resource demand, the labor-demand schedule for a producer selling in a purely competitive market is

• A) the same as the marginal resource cost schedule.
• B) the same as the marginal productivity schedule.
• C) the same as the marginal revenue product schedule.
• D) independent of the value of the product being produced.

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Definitions:

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Percentage

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