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Author Question: A reason why a perfectly competitive firm's demand for labor curve slopes downward is that A) ... (Read 101 times)

armygirl

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on: Jun 29, 2018
A reason why a perfectly competitive firm's demand for labor curve slopes downward is that
 
  A) each additional unit of labor hired is less efficient than previously hired units.
  B) the extra cost of hiring additional units of labor increases as a firm hires more units of labor.
  C) in the short run, as more labor is hired, labor's marginal product falls because of the law of diminishing returns.
  D) the firm's demand curve for the product that uses labor is downward sloping.

Question 2

Average variable cost can be calculated using any of the formulas below except
 
  A) (TC - FC)/Q. B) TVC/Q. C) (TC - FC)/Q. D) (TC/Q) - AFC.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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randomguy133

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Reply #1 on: Jun 29, 2018
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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armygirl

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
:D TYSM

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