Multiple Choice
In competitive labor markets, the wage equals:
A) the marginal product of labor times the price of output.
B) the marginal product of labor plus the price of output.
C) the marginal product of labor.
D) the price of output.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q85: (Figure: International Trade Equilibrium) Which line shows
Q86: (Figure: International Trade Equilibrium) Which point shows
Q87: Assume that Germany and China can produce
Q88: In trade, if a nation has the
Q89: David Ricardo believed that:<br>A) trade is a
Q91: If prices of a nation's exported products
Q92: (Figure: Home Production and Consumption) The figure
Q93: A nation will gain from trade if
Q94: The increase in total utility derived from
Q95: Suppose there are two countries (Home and