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Author Question: The marginal cost of a unit of labor in a perfectly competitive labor market is (Read 96 times)

Lisaclaire

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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
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Marked as best answer by Lisaclaire on Apr 19, 2019

blazinlyss

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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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Lisaclaire

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


blazinlyss

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


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