Solved

Use the Following to Answer Questions

Question 340

Multiple Choice

Use the following to answer questions:
Figure: The Demand for Bricklayers Use the following to answer questions: Figure: The Demand for Bricklayers   -(Figure: The Demand for Bricklayers)  Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100. For a profit-maximizing firm at the equilibrium level of output, the VMPL<sub>bricklayers</sub>: A)  is $200. B)  is equal to the market wage rate. C)  is irrelevant, since the firm is a price taker. D)  cannot be determined from the information provided.
-(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100. For a profit-maximizing firm at the equilibrium level of output, the VMPLbricklayers:


A) is $200.
B) is equal to the market wage rate.
C) is irrelevant, since the firm is a price taker.
D) cannot be determined from the information provided.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions