Multiple Choice
If a firm is a factor price taker in the labor market,
A) it must pay higher wages in order to hire additional workers.
B) it can hire all the workers it wants to at the going wage rate.
C) it must hire all workers who apply for a job.
D) it will continue to hire workers as long as MFC > MRP.
Correct Answer:
Verified
Related Questions
Q52: The firm's factor demand curve is the
A)MRP
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A)the
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Q55: Exhibit 26-2 Q56: Which of the following can bring about
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