In a perfectly competitive labour market, firms are wage takers and the marginal cost of labour equals: A. The average cost of labour B. The marginal product of labour C. The marginal revenue D. The total cost of labour

Principles of Economics, 7th Edition (MindTap Course List)
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Chapter18: The Markets For The Factor Of Production
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8. In a perfectly competitive labour market, firms are wage takers and the marginal cost of labour equals:
A. The average cost of labour
B. The marginal product of labour
C. The marginal revenue
D. The total cost of labour
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