The long-run labor demand curve is relatively flatter than the short-run labor demand curve because, in the short run,

A) the wage rate is fixed.
B) the firm cannot vary the amount of capital used.
C) the firm is a price taker.
D) All of the above.

B

Economics

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Plots of land differ in

a. quality of soil. b. topography. c. proximity to marketplaces. d. All of the above are correct.

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Costs that are borne solely by the individuals who incur them are called

A) private costs. B) public costs. C) social costs. D) implicit costs.

Economics