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The derived demand for labor comes from the(1 point)
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wages accepted by workers.
wages accepted by workers.
demand for the goods and services that the labor produces.
demand for the goods and services that the labor produces.
wages paid to workers.
wages paid to workers.
difficulty of the labor involved in producing the goods and services.
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Demand for the goods and services that the labor produces.
Explanation: Labor demand is derived from firms' demand for the output that labor helps produce — firms hire workers when the value of their marginal product exceeds the wage.
Explanation: Labor demand is derived from firms' demand for the output that labor helps produce — firms hire workers when the value of their marginal product exceeds the wage.
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