A profit maximizing firm that has labor as the only variable factor of production has a demand curve that is

a. equal to the marginal product of labor
b. equal to the marginal revenue product of labor
c. equal to the average product of labor
d. equal to the marginal cost of production

B)  Equal to the marginal revenue product of labor

Explanation:

A profit maximizing firm looks out basically for  the additional revenue that will be generated by increasing product sales by one unit.That is to say for every labor put into production an expected return revenues are been incured on them.

Option B -- equal to the marginal revenue product of labor

Explanation: it should be noted that, when one firm uses only one variable factor of production, that factor's marginal revenue product curve is the firm demand curve. Therefore, other options, which are "equal to the marginal product of labor", "equal to the average product of labor" and "equal to the marginal cost of production" are wrong

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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