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AndrewKraus AndrewKraus
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8 years ago
Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the wage rate is $20 per hour and the marginal product of labor is 4 units, the firm's marginal cost must be equal to:
A) $5.
B) $24.
C) $40.
D) $80.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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8 years ago
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AndrewKraus Author
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#2
7 years ago
Excellent answer, thx
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