Business, 27.06.2020 23:01 cameronbeaugh

1. The increase in the amount of output from an additional unit of labor. a. Demand curve
b. Supply curve
c. Product of labor
d. Marginal product of labor
2. The graphical representation of the relationship between the wage rate and the quantity of labor firms are willing to hire in a market.
a. Demand curve
b. Supply curve
c. Product of labor
d. Marginal product of labor
3. The graphical representation of the relationship between the wage rate and the quantity of labor workers are willing to provide in a market.
a. Demand curve
b. Supply curve
c. Product of labor
d. Marginal product of labor
4. The additional revenue the firm receives from selling the output produced from an additional unit of labor.
a. Demand curve
b. Supply curve
c. Product of labor
d. Marginal product of labor
5. Which of the following events may increase labor supply? More than one may apply.
a. A decrease in the working population
b. A decrease in the wage rate
c. An increase in women's desire to work rather than stay at home with their kids
d. An increase in the working population

Answers: 2

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1. The increase in the amount of output from an additional unit of labor. a. Demand curve
b....