
An increase in a perfectly competitive firm's demand for labor could be caused by
A) a decrease in the market wage rate.
B) an increase in the amount of human capital among the labor force.
C) an increase in the supply of labor.
D) a decrease in the market price of the product the firm produces.
Correct Answer:
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Q57: The change in a firm's revenue as
Q58: The term "derived demand" refers to
A)the demand
Q59: The benefit to the firm from hiring
Q60: Figure 17-2 Q61: A profit-maximizing perfectly competitive firm should hire Q63: Figure 17-2 Q64: Suppose a competitive firm is paying a Q65: The marginal product of labor is the Q66: Table 17-4 Q67: Which of the following is not held 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