Multiple Choice
If the MRP of labor were $100 and the wage rate were $200,
A) exactly the right amount of labor is being used.
B) not enough labor is being used.
C) only half as much labor is being used as should be used.
D) too much labor is being used.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: An addition of a complementary resource would
Q19: The MRP schedule of the perfect competitor
Q43: Land and capital are substitutes.If rent goes
Q58: Factors of production that can be used
Q62: If the wage rate were $50,how many
Q80: When the wage rate falls,if the substitution
Q102: The substitution effect and the output effect
Q137: If sewing machines are considered to be
Q151: The demand for a resource is influenced
Q180: If a firm acquires new machines that