The hiring rule for the perfect competitor in the labor


The hiring rule for the perfect competitor in the labor market is to choose that amount of labor for which the wage rate is exactly equal to

A: marginal revenue from the sale of one more unit of output.

B: the cost of capital.

C: the value of the marginal product of labor, VMPL.

D: MC.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: The hiring rule for the perfect competitor in the labor
Reference No:- TGS01284393

Expected delivery within 24 Hours