The market pay rate is the:
A)minimum wage rate set by the Department of Labor.
B)pay rate at which applicants will deny a job offer.
C)difference between use value and surplus value.
D)point at which supply and demand lines cross.

Question

Quizplus · Accepted Answer

The market pay rate is determined by the point at which the supply and demand lines intersect. This is where the market is in equilibrium and the price (in this case, the pay rate) is set. The other options do not accurately describe what the market pay rate is.

The Market Pay Rate Is The