menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 13
  4. Exam
    Exam 16: The Demand for Resources
  5. Question
    A Firm That Hires Labor in a Purely Competitive Resource
Solved

A Firm That Hires Labor in a Purely Competitive Resource

Question 198

Question 198

Multiple Choice

A firm that hires labor in a purely competitive resource market is a


A) "price maker."
B) "product taker."
C) "money maker."
D) "wage taker."

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q136: A change in an input price will

Q180: The marginal revenue product curve of a

Q193: "Income receivers should be paid in accordance

Q194: A winner-takes-all market, like that for entertainers,

Q195: (Consider This) In the market for superstars,<br>A)

Q197: Which of the following is equivalent to

Q200: A union representative observed that if the

Q201: The elasticity of resource demand will be

Q202: Suppose the price of the product that

Q203: Other things equal, the resource demand curve

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines