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wrote...
Posts: 159
2 months ago

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
Source  Download
Microeconomics
Edition: 7th
Authors:
Read 10 times
1 Reply
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Replies
wrote...
2 months ago

Answer 1

false

Answer 2

true
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