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Author Question: If labor markets are competitive, wages in those markets are determined by (Read 106 times)

hubes95

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on: Apr 19, 2019

Question 1

A perfectly competitive firm will hire labor as long as the marginal revenue product of labor is


◦ less than the going wage.
◦ equal to the going wage.
◦ greater than the going wage.
◦ zero.

Question 2

If labor markets are competitive, wages in those markets are determined by


◦ the interaction of supply and demand.
◦ supply only.
◦ demand only.
◦ neither supply nor demand.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by hubes95 on Apr 19, 2019

Liamb2179

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hubes95

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Reply #2 on: Apr 19, 2019
Thank you!


Liamb2179

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Reply #3 on: Apr 19, 2019
Always glad to help...


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