Author Question: The slope of the labor demand curve can be attributed to the Law of: A) Increasing Opportunity ... (Read 155 times)

BRWH · **on:** Jun 30, 2018

The slope of the labor demand curve can be attributed to the Law of:

A) Increasing Opportunity Cost. B) Diminishing Marginal Productivity of Labor.
C) Increasing Marginal Productivity of Labor. D) Decreasing Opportunity Cost.

Question 2

Refer to Table 2.3. Increasing the number of workers from 2 to 3 will increase output per day by

A) 60 units. B) 90 units. C) 150 units. D) 240 units.