question archive The demand curve for labor is derived from: A
The demand curve for labor is derived from: A
Subject:EconomicsPrice:2.88 Bought3
The demand curve for labor is derived from:
A. the market labor demand curve.
B. the demand curve for the output produced by labor.
C. the labor supply curve for the firm.
D. the equilibrium wage in the labor market.
E. the market labor supply curve.
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The correct option is:
B. the demand curve for the output produced by labor.
The demand for labor is dependent on the demand for the output produced by the labor. If the demand for final output increases, the demand for labor increases and vice versa.
