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Other Fields Homework Help Economics Topic started by: SalaDinHo on Feb 28, 2019



Title: A profit-maximizing perfectly competitive firm should hire workers up to the point where labor's ...
Post by: SalaDinHo on Feb 28, 2019

Question 1.

Technological advancements that increase labor's productivity shift the labor supply curve to the right.

• true

• false

Question 2.

A profit-maximizing perfectly competitive firm should hire workers up to the point where labor's marginal revenue product equals the wage rate.

• true

• false


Title: A profit-maximizing perfectly competitive firm should hire workers up to the point where labor's ...
Post by: Bakari on Feb 28, 2019

Answer 1

false

Answer 2

true