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Home Q & A Board Other Fields Homework Help Business Economics
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whipped whipped
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7 years ago
Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the marginal cost faced by a firm is $3 and the market wage rate is $6, the marginal product of the last unit of labor hired by the firm must be:
A) 0.5 units.
B) 2 units.
C) 9 units.
D) 18 units.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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