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Loraine Loraine
wrote...
Posts: 4563
9 years ago
A firm hires labor up to the point where the
A) real wage rate equals the nominal wage rate.
B) additional hour of labor produces extra output that equals the real wage rate.
C) additional hour of labor produces extra output that equals the nominal wage rate.
D) firm can sell the extra output.
E) real wage rate exceeds the nominal wage rate.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 214 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
8 years ago
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8 years ago
You're welcome Happy Dummy
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