A Firm That Is a Price Taker in a Factor

question 172

Multiple Choice

A firm that is a price taker in a factor market faces a(n) __________ supply curve of factors.

• A)upward-sloping
• B)horizontal
• C)downward-sloping
• D)vertical

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Definitions:

Multiple Orgasms

The experience of having more than one orgasm during a single sexual activity session.

Refractory Period

A period immediately following a stimulus during which a nerve or muscle is unresponsive to further stimulation.

AIDS Virus

Refers to the human immunodeficiency virus (HIV) which causes AIDS (acquired immunodeficiency syndrome), a condition in humans in which progressive failure of the immune system allows life-threatening opportunistic infections and cancers to thrive.

Blood

A body fluid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.