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Author Question: Suppose the supply of labor schedule decreases in a perfectly competitive labor market while the ... (Read 200 times)

tatyanajohnson

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on: Apr 19, 2019

Question 1

In theory, if a profit-maximizing firm in a perfectly competitive labor market found it advantageous to hire one less worker, the firm should pay a


◦ lower wage rate but only to the most recently hired workers.
◦ higher wage rate but only to the most recently hired workers.
◦ lower wage rate to all previous workers hired.
◦ higher wage rate to all previous workers hired.

Question 2

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


◦ hire more workers.
◦ hire less workers.
◦ hire the same number of workers.
◦ substitute capital for labor.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tatyanajohnson on Apr 19, 2019

nanny

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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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tatyanajohnson

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Reply #2 on: Apr 19, 2019
TY


nanny

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Reply #3 on: Apr 19, 2019
You're welcome


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