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Which of the following statements is most accurate about the occupations projected to be the most rapidly declining in the U.S. in terms of percentage decreases O The majority are in education related professions O The majority are in health care related professions O The majority are in manufacturing related professions O The majority are in unskilled jobs. The labor demand curve of a firm that sells its product in a purely competitive market O is horizontal or perfectly elastic, O is downsloping and flatter than the labor demand curve of a firm that sells its product in an imperfectly competitive for monopolistic market O is upsloping O is downsloping and steeper than the labor demand curve of a firm that sells its product in an imperfectly competitive (or monopolistic Assume that a purely competitive firm uses two resources, labor (L) and capital (C) to produce a certain product in which situation would the firm be maximizing profit? A MRP $100 S100 B MRPC $200 $200 $200 $400 P $300 $200 $150 S300 Pc $400 $100 $200 $200 D S300 Case A O Case B Case C O Case D
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