--%>

Demand of a competitive firm

The competitive firm will demand more labor when: (i) Technological advances support automation. (ii) The price of firm's output increases. (iii) More firms enter in the industry. (iv) The value of marginal product is beneath the wage rate. (v) Workers utilized by other firms obtain more particular training.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Contribution standard of income

    The contribution standard of income distribution: (w) sets the least efficient incentives for production. (x) is the distribution standard most compatible along with pure capitalism. (y) minimizes individual economic freedom. (z) is very complimented

  • Q : Income elasticity and population growth

    For most families inside the United States, there the income elasticity of demand appears to be lowest, upon average, while looking the demand for: (1) better government. (2) environmental quality. (3) education. (4) children. (5) vac

  • Q : Uy what is basic objects of bretton

    what is basic objects of bretton woods?

  • Q : Demands of prosperous American families

    The demands of prosperous American families are most likely most income elastic for their: (i) vacations in Hawaii. (ii) higher education. (iii) cell phones. (iv) fast food meals. (v) gasoline. Ple

  • Q : Relative concept about poverty A

    A predictable reluctance through modern welfare recipients to trade all they own for the material possessions of a rich person by a much earlier period would be evidence which poverty is: (w) easily solved by income redistribution pro

  • Q : Problem on price elasticity and total

    A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <

  • Q : Problem on Substitution effect for good

    One of my friend has a problem on substitution effect. The original equilibrium point (that is utility-maximizing bundle) in the graph shown below is at point A. The price of good Y is increased, pivoting the budget constraint down to its latest level.a. F

  • Q : Problem on equal marginal utilities per

    Substitution takes place when prices change and hence demand curves are negatively-sloped since of the behavior of consumers which most directly underpins the law of: (1) Equivalent marginal utilities per dollar. (2) Diminishing net utility. (3) The income effect. (4)

  • Q : Increased value of product due to time

    The farmer stores corn after its harvest in the fall and then vends it in the spring as a hog food at very higher price. The raised value of the corn is due to its modifying: (i) Place. (ii) Form. (iii) Possession. (iv) Time. Can s

  • Q : When is demand more elastic at a price

    Along this demonstrated in below demand curve for DVD games, demand is more elastic at a price of: (w) $10. (x) $6. (y) $1. (z) zero.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1425547 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1948236
    Asked

    3,689

    Active Tutors

    1425547

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.