The supply of labor is determined by the: marginal product of labor. opportunity cost of hiring labor. number of workers. All of these are true.
The supply of labor is determined by the: marginal product of labor. opportunity cost of hiring labor. number of workers. All of these are true.
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.2: The Labor Market
Problem 1ST
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Question
The supply of labor is determined by the:
-
marginal product of labor.
-
opportunity cost of hiring labor. -
number of workers.
-
All of these are true.
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