The MRP curve for labor:

A) is downsloping and shows the relationship between wage rates and the quantity of labor demanded.
B) is perfectly elastic if the firm is selling its output competitively.
C) is upsloping and lies above the labor supply curve.
D) will shift location when the wage rate changes.

MRP Curve

A graphical representation showing the additional revenue generated by employing one more unit of a resource, also known as the Marginal Revenue Product curve.

Wage Rates

The amount of compensation paid to employees for their labor, typically expressed per hour or year.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers wish to supply and the wage rate.