Expandv ding To resize a view: Hold down key combination Shift, At, + or Shift,
ID: 1151472 • Letter: E
Question
Expandv ding To resize a view: Hold down key combination Shift, At, + or Shift, Alt,-or Move below handle 14 Mike sells navel oranges in a market where there are a lot of other sellers and faces a perfectly elastic demand curve for oranges. He hires 10 workers in a perfectly competitive market to help him with picking oranges. Given this information, it can be said that: OMike can employ only 10 workers as the supply of workers is fixed in a perfectly competitive labor market the demand for workers is a positive function of the prevailing market wage rate Mike cannot bargain with the workers over their wage rates. the demand curve for orange pickers is vertical.Explanation / Answer
the demand for workers is a positive function of the prevailing market wage rate.
the above should be answer..
because we will see increase in workers demand as the wage rate goes down
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.