A factor price taker faces
A) a perfectly elastic demand curve for the product it sells.
B) a downward-sloping demand curve for the product it sells.
C) a perfectly elastic supply curve of factors.
D) an upward-sloping supply curve of factors.
E) a perfectly inelastic supply curve of factors.
Correct Answer:
Verified
Q89: Marginal productivity theory implies that a worker
Q90: A factor price taker is a firm
Q91: Exhibit 26-3 Q92: A price searcher (monopolist, monopolistic competitor, etc.) Q93: The additional revenue generated by a firm Q95: Exhibit 26-3 Q96: Which of the following statements is true? Q97: A perfectly competitive firm will continue to Q98: Exhibit 26-4 Q99: The value of marginal product (VMP) is Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Employers
A)equal
