Employers continue to hire until the marginal revenue of the last hire equals his or her wage rate.This is based on the first labor market theory assumption that:
A) markets are competitive.
B) pay rates reflect all costs of employment.
C) employers seek to maximize profits.
D) workers are homogeneous and interchangeable.
Correct Answer:
Verified
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Q6: Which of the following statements is true
Q7: The market pay rate is the:
A)minimum wage
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A)The
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