erinmcdonald845 erinmcdonald845
  • 15-03-2024
  • Business
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Suppose a household chooses how many hours to work, while a firm decides how many employee hours to use in the production process. In the labor market the worker ____ and the firm _____:
a) Supplies labor, demands labor
b) Demands labor, supplies labor
c) Supplies capital, demands labor
d) Demands capital, supplies labor

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