In economics, labor demand is synonymous with
A. market demand.
B. average demand.
C. marginal demand.
D. derived demand.
Answer:D
In economics, labor demand is synonymous with
A. market demand. B. average demand. C. marginal demand. D. derived demand.
Explanation: 63. Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________ will push wage rates toward the marginal revenue product of labor.