For a firm in a perfectly competitive labor market

A) W > MFC.
B) W < MFC.
C) W > MRP.
D) W = MFC.

Answer: D

Economics

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Increases in ________ typically lead to decreases in private saving

A) the interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above

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If a foreign producer sells a good in a country at a lower price than in its home market, this is called

A) a countervailing duty. B) a tariff offset. C) dumping. D) a reverse tariff.

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