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For multiple select questions (square boxes), there could be zero, 1, 2, or as many as all of the answers that are correct and can be selected.

The demand for labor depends on ______

A. the price of output produced.

B. the marginal cost of labor.

C. the marginal product of labor

D. the supply of labor.

E. the incomes of households

F. the HH preferences for labor versus leisure

business economics

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Answer 1

Answer #1

A. the price of output produced.

B. the marginal cost of labor.

C. the marginal product of labor

Explanation: These are the factors which determine how much labor would be demanded by firms.

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Answer 2

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