Question
A firm operates in a perfectly competitive output market with a product price of $12. If the marginal product of the last worker employed is
A firm operates in a perfectly competitive output market with a product price of $12. If the marginal product of the last worker employed is 3 units and the firm competes in a perfectly competitive labor market, then the wage must be
$4
$9
$12
$15
$36
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Micromotives And Macrobehavior
Authors: Thomas Schelling
1st Edition
0393329461, 9780393329469
