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Author Question: A typical firm hiring in a perfectly competitive labour market faces a marginal cost curve for labour that is (Read 89 times)

moore.cailinf

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on: Oct 12, 2022

Question 1

In a perfectly competitive labour market, all workers would earn the same wage if
◦ the world was fair.
◦ all jobs had the same working conditions.
◦ jobs and workers were identical in every way.
◦ workers' education and experience were identical.
◦ regional variables mattered.

Question 2

A typical firm hiring in a perfectly competitive labour market faces a marginal cost curve for labour that is
◦ horizontal.
◦ equal to the supply curve of the firm.
◦ vertical.
◦ downward sloping.
◦ parallel to the firm's marginal cost curve for its product.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by moore.cailinf on Oct 12, 2022

dude123

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Reply #1 on: Oct 12, 2022
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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moore.cailinf

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

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Reply 3 on: Yesterday
Excellent

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