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SalaDinHo SalaDinHo
wrote...
Posts: 515
5 years 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
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 49 times
1 Reply

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Replies
wrote...
5 years ago

Answer 1

false

Answer 2

true
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