Question
a competitive firm will keep _____ as long as the value of marginal product of labor (VMPL) is ___. 1) supplying labor; less than or
a competitive firm will keep _____ as long as the value of marginal product of labor (VMPL) is ___.
1) supplying labor; less than or equal to the wage
2) supplying labor; greater than or equal to the wage
3) demanding labor; is less than or equal to the wage
4) demanding labor; greater than or equal to the wage
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
