Why would labor be treated as a variable cost? labor costs will decrease as the firm produces more quantity. firms must decide how much labor to employ before production begins. labor costs are an input cost that firms are unable to change in the short run producing larger quantities of a good or service generally requires more worker

Why would labor be treated as a variable cost? labor costs will decrease as the firm produces more quantity. firms must decide how much labor to employ before production begins. labor costs are an input cost that firms are unable to change in the short run producing larger quantities of a good or service generally requires more worker

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following determines the firm's demand curve for labor? a.The size of the labor force b.The marginal product of labor c.The total product of labor d.The average product of labor
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