Multiple Choice
The following question are based on the following perfectly competitive firm's demand curve for labor:
-If this is a profit-maximizing firm and it currently employs five workers,the value of the marginal product of the fifth worker is
A) $5.
B) $40.
C) $50.
D) $200.
E) not determinable from the information given.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: In a perfectly competitive economy,individuals would be
Q42: Under which condition is the checkoff legal?<br>A)
Q43: The price of labor services is generally
Q44: The practice of featherbedding may be viewed
Q45: The market demand curve for labor<br>A) derives
Q47: A significant feature of many collective bargaining
Q48: Employers are more likely to accept union
Q49: The supreme governing body of the national
Q50: Determination of the price of labor under
Q51: In a perfectly competitive market,it pays the