Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to单项选择题

A

A. the slope of the production possibility frontier.

B

B. the price of cloth divided by the marginal product of labor in the production of cloth.

C

C. the marginal product of labor in the production of cloth times the price of cloth.

D

D. the ratio of the marginal product of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth. to the price of food.

E

E. the average product of labor in the production of cloth times the price of cloth.

登录即可查看完整答案

我们收录了全球超50000道真实原题与详细解析,现在登录,立即获得答案。

类似问题

Question at position 7  A perfectly competitive producer of steel rods and steel beams employs 100 workers with identical skills. If steel rods and steel beams sell for the same price, which of the following rules should the producer always follow to use the 100 workers efficiently? I. Allocate workers so that the average cost of producing beams equals the average cost of producing rods. II. Allocate workers so that the marginal product of labor is the same in both rod production and beam production. III. Allocate half the workers to rod production and half the workers to beam production. II onlyII and III onlyI, II, and IIIIII onlyI only

The condition W/P=MPL means

If MPL = 6, the price of output is $4, and the wage is $30, then the firm should

The figure below shows MPL as labor increases. A dashed line at real wage (w=4) is drawn. How many units of labor are hired at equilibrium?

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！