An Increase in a Perfectly Competitive Firm's Demand for Labor

question 261

Multiple Choice

An increase in a perfectly competitive firm's demand for labor could be caused by

• A)a decrease in the market wage rate.
• B)an increase in the market demand for the firm's product.
• C)a decrease in the marginal product of workers.
• D)an increase in the quantity of labor supplied.

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Definitions:

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its overall value.

Open-End Funds

Mutual funds that continuously issue new shares or redeem existing shares and do not have a fixed number of shares available for the public.

NAV

Net asset value, calculated as the total value of a fund's assets minus its liabilities, usually applied to mutual funds.

Offering Prices

The price at which new issues of stock, bonds, or other securities are made available for sale to the public for the first time.