For a profit-maximizing competitive firm, the value of marginal product curve is A. always rising. B. falling only when marginal product is rising. C. the labor supply curve. D. the labor demand curve.

For a profit-maximizing competitive firm, the value of marginal product curve is A. always rising. B. falling only when marginal product is rising. C. the labor supply curve. D. the labor demand curve.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 5P

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For a profit-maximizing competitive firm, the value of marginal product curve is

A. always rising.

B. falling only when marginal product is rising.

C. the labor supply curve.

D. the labor demand curve.

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