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Author Question: A firm's marginal cost curve in a perfectly competitive product market is the same as its ________ ... (Read 72 times)

tichca

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on: Apr 19, 2019

Question 1

Suppose the supply of labor schedule increases in a perfectly competitive labor market while the market demand schedule remains unchanged. A profit-maximizing representative firm will


◦ hire more workers.
◦ hire fewer workers.
◦ hire the same number of workers.
◦ substitute capital for labor.

Question 2

A firm's marginal cost curve in a perfectly competitive product market is the same as its ________ curve. Similarly, a firm's marginal revenue product curve in a perfectly competitive labor market is the same as its ________ curve.


◦ demand; supply
◦ supply; demand
◦ demand; demand
◦ supply; supply
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tichca on Apr 19, 2019

chem1s3

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tichca

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Reply #2 on: Apr 19, 2019
Thanks


chem1s3

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Reply #3 on: Apr 19, 2019
Welcome :)


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