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Ivenika [448]
1 year ago
7

What is equilibrium wage?

Business
2 answers:
Naya [18.7K]1 year ago
5 0

Answer: The equilibrium wage rate in the industry is set by the meeting point of the industry supply and industry demand curves. In a competitive market, firms are wage takers because if they set lower wages, workers would not accept the wage. Therefore, the have to set the equilibrium wage.

Explanation:

slavikrds [6]1 year ago
3 0

Answer:

This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.

Explanation:

hi :)

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A computer thesaurus Group of answer choices catches
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A thesaurus unlike a dictionary that gives meaning of words, suggests choice words based on each given entry.

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3 0
2 years ago
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When interviewing job candidates, Anka's first impression was more favorable to Louisa, who dressed in designer clothes and atte
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Answer:

The correct answer is letter "E": perception of social status.

Explanation:

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3 years ago
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