A Firm Uses Labor and Capital in Its Production Process,and

question 88

Multiple Choice

A firm uses labor and capital in its production process,and it faces competitive markets for its inputs and output.The firm's long-run labor demand curve

• A) intersects with the short-run labor demand curve in several points.
• B) is exactly identical to its short-run labor demand curve.
• C) is steeper than its short-run labor demand curve.
• D) is flatter than its short-run labor demand curve.

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Definitions:

Strings

Strings are sequences of characters used to represent text in computer programming.

Scanf()

A function in C programming used to read formatted input from the keyboard or other input streams.

Gets()

Gets() is a function in C that reads a line from stdin into the buffer pointed to by its argument until a terminating newline or EOF.