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Home Q & A Board Other Fields Homework Help Business Economics
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Satsume Satsume
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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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#1
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6 years ago
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Satsume Author
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6 years ago
Thanks for your help!!
avance37
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Yesterday
Smart ... Thanks!
dri
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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