An increase in a perfectly competitive firm's demand for labor could be caused by
A) an increase in the supply of labor.
B) a decrease in the market price of the product the firm produces.
C) an increase in the amount of human capital among the labor force.
D) a decrease in the market wage rate.
C
Economics
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In the above figure, if the price of milk rises, the budget line
A) rotates outward and the slope becomes steeper. B) shifts inward and its slope does not change. C) rotates inward and the slope becomes steeper. D) rotates inward and the slope becomes more shallow.
Economics
In the short run
A) all inputs are variable. B) all firms experience increasing returns to scale. C) some firms experience economies of scale. D) no firm experiences economies of scale.
Economics