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Title: Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the ... Post by: AndrewKraus on May 23, 2017 Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the marginal cost faced by a firm is $6 and the marginal product of the last unit of labor hired by the firm is 2 units, the market wage rate must be:
A) $3. B) $6. C) $12. D) $18. Title: Re: Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, ... Post by: Simpleman on May 23, 2017 Content hidden
Title: Re: Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the ... Post by: AndrewKraus on Jun 24, 2017 Excellent answer, thx
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