-In Figure 4.4,MPL represents the __________,
Represents the __________,and the intersection of the two yields __________.
A)labor supply;labor demand;the equilibrium wage
B)labor demand;labor supply;the equilibrium wage
C)labor supply;labor demand;the equilibrium rental rate of capital
D)labor demand;labor supply;the amount of capital hired
E)None of the above is correct.

Question

-In Figure 4.4,MPL represents the __________, 
Represents the __________,and the intersection of the two yields __________.
A)labor supply;labor demand;the equilibrium wage 
B)labor demand;labor supply;the equilibrium wage 
C)labor supply;labor demand;the equilibrium rental rate of capital 
D)labor demand;labor supply;the amount of capital hired 
E)None of the above is correct.

Quizplus · Accepted Answer

The Answer of 
-In Figure 4.4,MPL represents the __________, 
Represents the __________,and the intersection of the two yields __________.
A)labor supply;labor demand;the equilibrium wage 
B)labor demand;labor supply;the equilibrium wage 
C)labor supply;labor demand;the equilibrium rental rate of capital 
D)labor demand;labor supply;the amount of capital hired 
E)None of the above is correct.

-In Figure 4.4,MPL Represents the __________