The marginal cost of a unit of labor in a perfectly competitive labor market is
A) the market wage rate.
B) equal to product price.
C) its average MRP.
D) equal to MRP.
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Question
The marginal cost of a unit of labor in a perfectly competitive labor market is
A) the market wage rate. B) equal to product price. C) its average MRP. D) equal to MRP.
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