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. AVerdadero
   2. BFalso
4. 4There is an inverse relationship between the wage and amount of workers demanded

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

   1. AVerdadero
   2. BFalso
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

Descripción

Test sobre Sin título, creado por Rachael Enabnit el 15/12/2016.

Autor

Rachael Enabnit

Idioma

English

Visitas

0

Valoración

Aún sin valoraciones

Valora este test

Valora este test

Más sobre Demand for Labour