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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