An increase in a perfectly competitive firm \u02b9 s demand for labor could be

An increase in a perfectly competitive firm ʹ s

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35) An increase in a perfectly competitive firmʹs demand for labor could be caused byA) an increase in the amount of human capital among the labor force.B) a decrease in the market price of the product the firm produces.C) an increase in the supply of labor.D) a decrease in the market wage rate.Answer: A35)Diff: 2Page Ref: 549-550/549-550Topic: The Demand for LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking36) Which of the following factors willnotcause the labor demand curve to shift?36)Diff: 1Page Ref: 549-550/549-550Topic: The Demand for LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking37) An increase in the supply of capital, which is a complement to labor, will lead to37)Diff: 2Page Ref: 550/550Topic: The Demand for LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.38) An increase in the price of grape juice causes an increase in the marginal revenue product of laborused to produce grape juice.38)Answer:TrueFalseDiff: 1Page Ref: 547/547Topic: The Demand for LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking11
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