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★ѕραndavir ★ѕραndavir
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6 years ago
Suppose that firms are operating at a point where marginal product of labor = 20, the nominal wage is $60, and the price level is $4. Because the real wage is ________ than the marginal product of labor, firms are hiring ________ workers.
A) less, too few
B) less, too many
C) greater, too few
D) greater, too many
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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5 years ago
Honestly I hate questions like these, glad people like you exist!
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