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

Author Question: Applied to perfectly competitive labor markets, the marginal principle tells firms to hire workers until: (Read 78 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jul 21, 2019
Applied to perfectly competitive labor markets, the marginal principle tells firms to hire workers until:
◦ the price of the product equals the wage of the worker.
◦ marginal revenue product of the last worker hired equals the wage.
◦ marginal productivity begins to diminish.
◦ average total costs are minimized.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hbsimmons88 on Jul 21, 2019

juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 21, 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 25% of students answer this correctly


hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jul 21, 2019
YES! Correct, THANKS for helping me on my review

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ... A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ...
Gestalt Principle: Continuity Gestalt Principle: Continuity
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
Physics - Density, Pressure, and Pascal's Principle Physics - Density, Pressure, and Pascal's Principle
Specialized Workers: Soldier Ant Specialized Workers: Soldier Ant
Video: Neurotransmission at chemical synapses & Excitory and inhibitory potentials

For a complete list of videos, visit our video library