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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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6 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 $6 and the marginal product of the last unit of labor hired by the firm is 2 units, the market wage rate must be:
A) $3.
B) $6.
C) $12.
D) $18.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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AndrewKraus Author
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#2
6 years ago
Excellent answer, thx
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