Multiple Choice
Suppose the labour market is in equilibrium.Which of the following statements is false?
A) The equilibrium wage rate is equal to the marginal revenue product of labour.
B) At the equilibrium wage, the quantity of labour demanded equals the quantity of labour supplied.
C) Some workers will earn more than the equilibrium wage.
D) At the equilibrium wage, the demand for labour is equal to the supply of labour.
Correct Answer:
Verified
Correct Answer:
Verified
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