Given a 3 Percent Decrease in Wages,firm a Hires More

question 20

Multiple Choice

Given a 3 percent decrease in wages,firm A hires more labor than firm B.It follows that,ceteris paribus,

• A) the elasticity of demand for the product that firm A produces is lower than the elasticity of demand for the product that firm B produces.
• B) firm A has a lower labor cost-total cost ratio than firm B.
• C) firm A has more substitutes for labor than firm B.
• D) firm A has higher per-unit costs than firm B.
• E) none of the above

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A steroid hormone that plays a key role in the development of male reproductive tissues and secondary sexual characteristics.

Egalitarian

A principle or practice that emphasizes equality, especially in rights, status, and opportunities among people.

Sensitivity

The ability to detect or respond to slight changes, signals, or influences; often used in the context of diagnostic tests or sensory perception.

Gender Awareness

The understanding and recognition of gender and its implications in society, including the awareness of gender roles and identities.