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 74 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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
Ben Jones, Black Face and Arm Unit. Ben Jones, Black Face and Arm Unit.
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
One unit of clathrate structure surrounding a hydrophobic molecule (yellow) One unit of clathrate structure surrounding a hydrophobic molecule (yellow)
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
50-Unit Insulin Syringe 50-Unit Insulin Syringe
Video: DNA Replication

For a complete list of videos, visit our video library