The labor supply curve of the individual firm is

multiple choice 1

• perfectly elastic, because it can hire any number of workers at the going wage rate.
• perfectly elastic, because the number of workers is fixed.
• perfectly inelastic, because the number of workers is fixed.
• perfectly inelastic, because it can hire any number of workers at the going wage rate.

The market supply curve is

multiple choice 2

• perfectly inelastic, because firms can hire any number of workers at the going wage rate.
• perfectly elastic, because firms can hire any number of workers at the going wage rate.
• upward sloping, because demand is downward sloping and equilibrium must occur.
• upward sloping, because in order to attract new workers, the wage must increase