Since a firm that is a perfect competitor in both the labor, Ask an Expert

Economics

Since a firm that is a perfect competitor in both the labor market and the final product market has hired the optimal amount of labor where the value of marginal product equals the wage, if the price of the product the firm sells doubles, will the wage paid by the firm double? Why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725583

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