In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?
Correct answer D. The total cost of labour
Tip: press A, B, C or D to answer, and N for the next question.
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More Labour Market questions
See allIf the minimum wage is set above the equilibrium wage rate, then another thing unchanged?
Correct answer A. There will be equilibrium in the labour market
Supply side policies are most appropriate to cure?
Correct answer D. A fall in aggregate demand
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If the real wage is too high in the labour market?
Correct answer B. The quantity demanded of labour equals the quantity supplied
Occupational immobility of labour occurs if?
Correct answer C. People do not have the right skills to work
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