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tuggy tuggy
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6 years ago
If both the goods and the labor market are perfectly competitive, a firm that hires labor up to a point where the value of marginal product of labor equals the wage rate also produces at a point where price is:
A) equal to average cost.
B) equal to marginal cost.
C) less than marginal cost.
D) higher than marginal cost.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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tuggy Author
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#2
6 years ago
Thanks for providing the correct answer
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