The Labor Demand Curve of a Purely Competitive Seller

question 123

Multiple Choice

The labor demand curve of a purely competitive seller

• A)slopes downward because the elasticity of demand is always less than unity.
• B)slopes downward because of diminishing marginal productivity.
• C)is perfectly elastic at the going wage rate.
• D)slopes downward because of diminishing marginal utility.

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Voidable Title

Title that occurs in situations in which the contract between the original parties would be void, but the goods have already been sold to a third party.

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