The market equilibrium wage occurs where:
A) Demand intersects the marginal cost curve.
B) Marginal physical product equals marginal revenue product.
C) All workers and all employers are satisfied with the wage.
D) Market demand for labor intersects the market supply of labor.
Correct Answer:
Verified
Q70: An increase in the equilibrium price in
Q71: The equilibrium wage will definitely rise if:
A)
Q72: A minimum wage impacts the labor market
Q73: The equilibrium quantity of labor will definitely
Q74: In a competitive labor market,at wages above
Q76: If the government eliminates a minimum wage,ceteris
Q77: The equilibrium level of employment is determined
Q78: If the government decides to raise the
Q79: When the minimum wage is established above
Q80: If labor productivity rises,then wages:
A) Will decrease
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