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Author Question: The above figure shows a competitive firm's demand for labor assuming that the firm's output sells ... (Read 68 times)

Yi-Chen

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on: Jun 18, 2019



The above figure shows a competitive firm's demand for labor assuming that the firm's output sells for $1 per unit. If the wage is $5 per hour, the firm will hire
◦ 2.5 units of labor per hour.
◦ 10 units of labor per hour.
◦ 5 units of labor per hour.
◦ 0 units of labor per hour.
Microeconomics ¦ Perloff ¦ 8th Edition
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juiceman1987

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Reply #1 on: Jun 18, 2019
5 units of labor per hour.


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Yi-Chen

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Reply #2 on: Jun 18, 2019
Excellent


juiceman1987

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Reply #3 on: Jun 18, 2019
Great! Please up vote :D


RYAN BANYAN

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Reply #4 on: Jun 18, 2019



The above figure shows a competitive firm's demand for labor assuming that the firm's output sells for $1 per unit. If the wage is $5 per hour, a ten cent specific tax on the good sold by the firm will cause the firm to
◦ demand less labor.
◦ offer its workers only $4.90 per hour.
◦ demand more labor.
◦ hire 0 units of labor per hour.


jsm54321

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Reply #5 on: Jun 18, 2019
demand less labor.


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