Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
7 years ago
A firm faces a labor market that is purely competitive and the market wage is $8.  Which of the following statements is true?
A) If the firm wants to hire more workers, it will have to offer a wage higher than $8 to attract the workers.
B) The firm can hire as many or as few workers as it wants to at the market wage of $8.
C) If the firm wants to lower its costs, it should pay its workers a wage lower than $8.
D) all of the above
Read 124 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
7 years ago
Incredible!
wrote...
#3
7 years ago
Great! Now we can move on to the next one
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1307 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4430
  
 5871
  
 100
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?