[03.06] A company will pay workers at a level that maximizes the company
Question 11 (Multiple Choice Worth 3 points)
[03.06] A company will pay workers an amount that minimizes the company
Question 12 (Multiple Choice Worth 3 points)
[03.06] Which of the following represents demand in the market for labor?
Economics - Financial Markets
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1st would be marginal revenue as firms produce on Mc=MR
Q11 ) it would minimizing COSTS
i guess 3rd one is Enterpreneurs
yes .. even i agree 1st will be marginal revenue coz thats the additional revenue the firm will receive by hiring that additional worker and will pay upto the point where the value of his marginal product is equal to the marginal cost. thats why we use the condition, Price * MPL = MC ( wages)