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nakungth nakungth
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Posts: 1175
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6 years ago
Suppose the labor market is perfectly competitive, but the output market is not.  When the labor market is in equilibrium, the wage rate will:
A) be less than the marginal revenue product of labor.
B) equal the marginal revenue product of labor.
C) be greater than the marginal revenue product of labor.
D) None of the above is necessarily correct.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
Rep: 15 1
6 years ago
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nakungth Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
prime7105
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Yesterday
Smart ... Thanks!
54321abs
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2 hours ago
Correct Slight Smile TY
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