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Sagot :
The labor demand curve will move to the right to reflect the effect of a variable if human capital rises.
An employer faces a downward sloping demand curve for output if it does not sell its produce in a perfectly competitive industry. This implies that the firm must cut its price in order to sell more of its output. This is true regardless of whether the company is a monopoly, oligopoly, or monopolistically competitive. In this instance, the marginal revenue—rather than the price—is the value of each additional unit of output sold. This implies that the marginal revenue, rather than the price, determines the worth of a worker's product. As a result, the marginal revenue product, often known as the marginal revenue product, is the demand for labor.
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