Labour Economics : Multiple choice questions by ClassOf1


More Info
									              Sub: Economics                                                                 Topic: Labour Economics

              Multiple choice questions related with labor demand curve perfectly
              competitive output and labor market.

         ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in
                       Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects.

              1. A decrease in the demand for the final product will cause the firms short run labor demand
              curve to:

              a. decrease

              b. remain the same

              c. change in an unpredictable manner

              d. increase

              Ans: A

              2. The short run labor demand curve is downward sloping for a firm operating in a perfectly
              competitive output and labor market as a result of:

              a. the law a diminishing returns.

              b. the decrease in marginal revenue that occurs when output rises

              c. both of the above are correc
To top