This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The marginal cost of a unit of labor in a perfectly competitive labor market is (Read 87 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

A firm will continue hiring labor as long as the 
MRP of labor ________ the market wage rate.


◦ is greater than or equal to
◦ is less than
◦ is equal to
◦ determines

Question 2

The marginal cost of a unit of labor in a perfectly competitive labor market is


◦ its average 
MRP.
◦ equal to product price.
◦ the market wage rate.
◦ equal to 
MRP.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lisaclaire on Apr 19, 2019

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
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.
Answer Preview
Only 29% of students answer this correctly


Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thank you!


blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Components of nail unit Components of nail unit
A disposable cautery unit. A disposable cautery unit.
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
question in cost accounting question in cost accounting
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Requirements for nervous signals

For a complete list of videos, visit our video library