题目
题目

AP Economics-Hillebrand AP Microeconomics Sem 1 Exam 2025 - Requires Respondus LockDown Browser

单项选择题

The demand curve for labor for a monopolist that faces a perfectly competitive factor market is called the

选项
A.average product curve
B.marginal revenue curve
C.marginal product curve
D.value of the average product curve
E.marginal revenue product curve
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标准答案
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思路分析
Consider the concept being asked: the demand curve for labor for a monopolist operating in a perfectly competitive factor market. Option 1: 'average product curve' — This shows output per unit of input (e.g., output divided by labor), not the demand for labor itself. It does not reflect how much labor the firm will hire at various wage levels. Option 2: 'marginal revenue curve' — This describes how reve......Login to view full explanation

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The table provided shows the daily output for a profit-maximizing T-shirt firm that is operating in a perfectly competitive product market and hires labor from a perfectly competitive labor market. If each T-shirt sells for $10 and the equilibrium daily wage is $100, how many workers will the firm hire to maximize profit?

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