siyolisetikayo21 siyolisetikayo21
  • 12-02-2021
  • Business
contestada

Briefly explain how the demand curve for workers is determined.

Respuesta :

Аноним Аноним
  • 12-02-2021

Answer:

When the marginal revenue product of labor is graphed, it represents the firm's labor demand curve. The demand curve is downward sloping due to the law of diminishing returns; as more workers are hired, the marginal product of labor begins declining, causing the marginal revenue product of labor to fall as well.

Explanation:

Answer Link

Otras preguntas

A commonly used material in sculpture is 1= plaster 2= charcoal 3= water
To give a hint about something is the same as to a. vacillate. b. simulate. c. imitate. d. intimate. user: the correctly spelled word is a. analize. b. si
You are part of which sphere of Earth? A : hydrosphere B : atmosphere C : lithosphere D : biosphere
describe the steps you would follow to write a two step equation you can use to solve a real world problem
darwin viewed the fossil record as
Which of these is the best example of fragmentation
By the end of King Philip II region what has had become of spain
Charles Lyell developed the concept that geological processes progress at uniform, or constant, rates throughout history. Most geologists of his time thought su
Which president pushed through Congress the Civil Rights Act of 1964? A. Dwight Eisenhower B. John F. Kennedy C. Lyndon Johnson D. Richard Nixon
Which division equation is shown by the area model?