The hiring rule for the perfect competitor in the labor, Ask an Expert

Economics

The hiring rule for the perfect competitor in the labor market is to choose that amount of labor for which the wage rate is exactly equal to

A: marginal revenue from the sale of one more unit of output.

B: the cost of capital.

C: the value of the marginal product of labor, VMPL.

D: MC.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91672761

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