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

Author Question: If labor markets are competitive, wages in those markets are determined by (Read 37 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hubes95 on Apr 19, 2019

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
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 56% of students answer this correctly


hubes95

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Apr 19, 2019
Thank you!


Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

The colors of peppers are determined by the interaction of several genes The colors of peppers are determined by the interaction of several genes
Genetically determined innate immunity due to the species specificity of some infections, due to ... Genetically determined innate immunity due to the species specificity of some infections, due to ...
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Labor Labor
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library