Questions are based on the data in the following table. Assume that the labor market is perfectly competitive.
-Compared to a firm facing D1,a firm facing demand schedule D2 but paying the same wage will hire:
A) the same number of workers,since total product is the same in both instances
B) fewer workers,since product price declines as output increases
C) more workers,since product price declines as output increases
D) more information is required
Correct Answer:
Verified
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