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In a Particular Labour Market,the Equilibrium Wage Rate Is $15

Question 57

Multiple Choice

In a particular labour market,the equilibrium wage rate is $15.From this information,one can infer that


A) the value of marginal product is $15.
B) the marginal labour cost is $15.
C) the market is socially efficient.
D) the value of marginal product is greater than or equal to $15.
E) the market is perfectly competitive.

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