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Which of the following is true about the firm's demand curve for labour? Question 2 options: a) It ismore elastic when the demand for its
Which of the following is true about the firm's demand curve for labour?
Question 2 options:
a)
It ismore elastic when the demand for its product is less elastic
b)
It is more elastic when substitutable factors are less available
c)
It is more elastic the greater is labour's share of total costs of production.
d)
It is more elastic the steeper is the marginal revenue product curve
e)
It is more elastic in the short run than in the long run.
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