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Author Question: The wage rate will fall and firms will increase employment to the point where MRP equals the new wage rate if (Read 133 times)

BrownTown3

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Question 1

The wage rate will increase and firms will decrease employment to the point where 
MRP equals the new wage rate if


◦ the demand for labor decreases.
◦ the demand for labor increases.
◦ the supply of labor decreases.
◦ the supply of labor increases.

Question 2

The wage rate will fall and firms will increase employment to the point where 
MRP equals the new wage rate if


◦ the demand for labor decreases.
◦ the demand for labor increases.
◦ the supply of labor decreases.
◦ the supply of labor increases.


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Marked as best answer by BrownTown3 on Apr 19, 2019

wfdfwc23

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BrownTown3

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


at

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  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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