The marginal revenue product of labor for a firm

will increase if the price of the firm's output increases

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is the firm's demand curve for labor

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will decrease if the firm hires more labor

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All of the above are correct

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Solution

The correct option is D
All of the above are correct

All the options are correct.

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Similar questions

Firms derive the demand for labor by determining the value of marginal product of labor, and it is based directly on market demand for the end product.

Q. Suppose a firm is using two inputs, labor and capital. What will happen if the price of labor falls?

In the market for labor, the roles of demander and supplier are reversed: Firms are the buyers (demanders) of labor and individual workers are suppliers.

If the marginal product of labor is 2, the marginal product of capital is 4, the wage rate is INR 3, the rental price of capital is INR 6, and the price of output is INR 1.50, then the firm should

Q. When a firm faces a horizontal demand curve, the marginal revenue for the firm is .

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The marginal revenue product of labor for a firm

The correct option is D All of the above are correct All the options are correct.

The correct option is D
All of the above are correct

All the options are correct.