In a competitive labor market, the change in total labor costs divided by the change in labor is always equal to:
a. one.
b. the wage rate.
c. the number of firms in the market.
d. the change in total revenue.
e. the competitive market price of the output.
b
Economics
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Betty and Veronica are playing Odds or Evens, where Betty is designated as the "odd" player and Veronica is designated as the "even" player. They decide to play the game 10 times
If Betty adopts a pure strategy of "shoot 1," what strategy should Veronica adopt to maximize her payoff?
Economics
An example of a government-based approach to improve the quality of information in financial markets is ________
A) financial news networks B) mandatory disclosures C) government-directed credit D) government safety nets
Economics