Page 1: Question 1 (10 points) H Match the term that best fits with each statement. The worker's marginal product is the value of each worker's The marginal product of labor with additional labor employed. The firm's marginal revenue declines as employment increases + The demand for labor curve is a downward sloping function of the Taft-Hartley Act of 1947 The establishes procedures for marginal cost of labor establishing a union that firms are obligated to follow; sets up the National Labor Relations Board for deciding output disputes. The establishes a state-run system collective bargaining of unemployment insurance, in which workers pay into a state fund when they are employed and receive benefits for a > Social Security Act of 1935 time when they are unemployed. MacBook Pro