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Mairoon Mairoon
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Posts: 850
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6 years ago
If a firm is a price taker in both the labor market and the output market, it will
A) earn zero economic profit in the short run.
B) hire labor until the marginal product of labor equals zero.
C) hire labor until the marginal revenue product equals the output price.
D) hire labor until the marginal revenue product equals the wage rate.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 74 times
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wrote...
6 years ago
D
Mairoon Author
wrote...
6 years ago
Great answer, great website
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