MSU EC 201 For a business firm that takes the wage rate as given, the demand curve for labor

Question Question 1 (1 point) For a business firm that takes the wage rate as given, the demand curve for labor is given by its Question 1 options: a) marginal-utility curve. b) marginal-revenue curve. c) marginal-cost curve. d) average-variable-cost curve. e) marginal-revenue-product curve. Question 2 (1 point) If Widget Corporation hires one worker, the firm can produce 10 widgets per hour. If it hires a second worker, it can produce a total of 19 widgets per hour. If it hires a third worker, ...

Question Question 1 (1 point) For a business firm that takes the wage rate as given, the demand curve for labor is given by its Question 1 options: a) marginal-utility curve. b) marginal-revenue curve. c) marginal-cost curve. d) average-variable-cost curve. e) marginal-revenue-product curve. Question 2 (1 point) If Widget Corporation hires one worker, the firm can produce 10 widgets per hour. If it hires a second worker, it can produce a total of 19 widgets per hour. If it hires a third worker, ...