Labour demand: MRP and MRC

1. 1MRP is the additional [blank_start]revenue[blank_end] generated by each additional [blank_start]worker[blank_end]

   1. Aworker
   2. Brevenue
2. 2MRC is the additional [blank_start]cost[blank_end] of hiring each additional [blank_start]worker[blank_end]

   1. Acost
   2. Bworker
3. 3A firm will keep hiring workers as long as MRP is greater than MRC

   1. ARichtig
   2. BFalsch
4. 4There is an inverse relationship between the wage and amount of workers demanded

   1. ARichtig
   2. BFalsch
5. 5In a perfectly competitive marker the firm is a price setter and S > MRC

   1. ARichtig
   2. BFalsch
6. 6In a Competetive Market, demand is [blank_start]downward[blank_end] sloping because each additional [blank_start]worker[blank_end] generates less additional [blank_start]revenue[blank_end]

   1. Adownward
   2. Bworker
   3. Crevenue

Beschreibung

Quiz am Ohne Titel, erstellt von Rachael Enabnit am 15/12/2016.

Autor

Rachael Enabnit

Sprache

English

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