The short-run labor demand curve of a competitive firm is:
a. its average revenue product curve
b.* its marginal revenue product curve, provided marginal product is below average product
c. its marginal product curve
d. stage II of the total product curve
为什么选B？
its marginal revenue product curve, provided marginal product is below average product
When you are considering production in short run, the Max of profit is when the marginal revenue from the additional product equals the marginal cost of labor (wage) for a firm--price taker in the competitive market. Basic question on definition.
MR=MC
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