In a competitive labour market the cost to a firm of employing more workers:
A) falls as the number of workers employed rises
B) remains constant
C) at first falls and then rises
D) rises as the number of workers employed rises
Correct Answer:
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Q1: In a perfectly competitive labour market an
Q2: In a perfectly competitive market for labour
Q3: Compared to a perfectly competitive labour market,
Q4: A 'wage taker' refers:
A) only to an
Q6: A firm which is a 'wage- setter'
Q7: Under perfect competition wage- rates are NOT
Q8: The supply curve for labour in the
Q9: If the productivity of workers suddenly rises
Q10: New technology in the form of computer
Q11: The market demand curve for labour is:
A)
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