Question

A​ firm's demand for labor curve is also called its A. marginal revenue product of labor curve. B. marginal factor cost of labor curve. C. marginal valuation curve. D. marginal benefit of labor curve.

Answer 1

marginal revenue product of labor curve.

Step-by-step explanation:

The marginal revenue product of labor -

It is the additional amount of revenue that a firm can generate with the help of an additional hired employee .

MRPL is also called the firm 's demand for the labor curve .

MRPL is calculated by multiplying the the labor's marginal product with the output price .

Firm have the demand for labor , unless and until the value of MRPL equals to the rate of the wage .