Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
AndrewKraus AndrewKraus
wrote...
Go to Answer
Posts: 1170
Rep: 0 0
8 years ago
Assume that a perfectly competitive firm hires workers from a perfectly competitive market for labor. The marginal product of a worker is 10 units per day. If the good that the worker produces is sold for $5, what is the maximum daily wage that should be offered to the worker?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 148 times
2 Replies
Replies
Answer verified by a subject expert
SudzburySudzbury
wrote...
#1
Top Poster
Posts: 542
Rep: 16 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
University of Kansas Alumni

Related Topics

AndrewKraus Author
wrote...
#2
7 years ago
Excellent answer, thx
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  1042 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 527
  
 239
  
 435