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Satsume Satsume
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Posts: 761
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6 years ago
Suppose the labor market and all output markets are perfectly competitive.  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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CanihCanih
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Posts: 463
6 years ago
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Satsume Author
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6 years ago
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Thank you, thank you, thank you!
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Thanks for your help!!
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