Hire labor at any amount in purely competitive firm

When this purely competitive firm can hire any amount of labor at pre hour wage of $9 per worker, in this given figure, as it will hire: (1) L₂ workers. (2) L₃ workers. (3) L₄ workers. (4) L₅ workers. (5) L₆ workers.

560_Demand for Labor.png

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Illustration of arbitrage in financial

Darlene thinks as the “cowboy look” will rebound sharply subsequent spring. Then she travels to Mexico and buys ten-thousand pairs of primo cowboy boots at $35 every, and after that waits, expecting to sell them for $350 a pair in Chicago within the spring

Q : Effect of economic prosperity on demand

Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

Q : Increasing-cost industries average

Within increasing-cost industries average there are: (w) production costs fall as output increases. (x) production costs rise as the number of firms in the industry grows. (y) production costs rise when the number of firms into the industry falls. (z)

Q : Demand curve for Complementary Goods

The ban on assault weapons enacted in the year 1994 lapsed in the year 2004. Prices for assault weapons fell in year 2004 since the only way to get such guns throughout the ban was via the black market. This modify in the law in year 2004 is most probable to shift the

Q : Find absolute value of the price

Two thousand four hundred students subscribed to cable TV services while they enrolled like freshmen. 800 of them students dropped the service while the price of cable rose by $25 to $35 per month. The absolute value of the price elasticity of demand

Q : How is TVC derived from MC How is TVC

How is TVC derived from MC? Answer: TVC = Sigma MC

Q : Types of output for producing goods

Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco

Q : Net income after-tax under negative

Under negative income tax system demonstrated in this figure, where a family of four all along with earned income of price of $15,000 per year would have a net income after-tax, as of: (1) $30,000 per year. (2) $27,500 per year. (3) $

Q : Backward Bending Labor Supplies Graph

Graph for the supply of labor might be backward bending since: (i) The substitution effect overtakes the income effect at some wages. (ii) Overtime workers get pay for time and a half. (iii) The substitution effect. (iv) The income effect is much powerful than substit

Q : Elasticity of supply when product

Since the supply of land is fixed, then the: (w) demand for land is absolutely horizontal. (x) supply of land is completely elastic. (y) demand for land is absolutely vertical. (z) supply of land is perfectly inelastic.

Discover Q & A

Leading Solution Library

Avail More Than 1422336 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959265
Asked

3,689

Active Tutors

1422336

Questions
Answered

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

Submit Assignment