The Labor Demand Curve of a Purely Competitive Seller

question 57

Multiple Choice

The labor demand curve of a purely competitive seller

• A) slopes downward because the firm must lower price to sell more output.
• B) slopes downward because labor productivity increases as successive workers are hired.
• C) is perfectly elastic because the firm is hiring an insignificant portion of the total labor supply.
• D) slopes downward because the marginal product of successive workers declines.

---

Definitions:

Cheese

A dairy product made from the pressed curds of milk, often fermented and aged, with a wide range of flavors and textures.

Umami

One of the five basic tastes, alongside sweet, sour, bitter, and salty, characterized by a savory or meaty flavor, often attributed to glutamate and nucleotides.

Synthetic Drugs

Man-made chemical substances designed to mimic or enhance the effects of natural drugs, often used for recreational purposes.

Pain Receptors

Specialized nerve endings found throughout the body that detect painful stimuli and signal the central nervous system about potential injury or damage.