54 539
Assignments Done
98,4%
Successfully Done
In November 2017
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for Mrityunjay Singh

Question #44879
A. A single commodity is to be produced in a perfectly competitive market, thus, price of the commodity is given for all firms in the market, goal of the firm being profit maximization.
B. Out of the factors of production, Labour is the only variable factor whose market is also perfectly competitive, hence, price of labour is also given for all firms.
The question is : How does it imply that the supply of labour to the individual firm is Perfectly Elastic ? Please explain.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question