Would we expect the demand for labor to slope downward? O Yes, at a lower wage we would expect firms to substitute relatively cheaper labor for more expensive inputs (like capital). O No, at a lower wage the marginal product of labor would be lower and less valuable for firms. O Yes, at a higher wage the marginal product of labor should be higher and more labor will be employed. O No, at a higher wage the marginal cost of labor is higher. O No, at lower wages alternative inputs (like capital) provide less costly ways of creating output.
