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Alexxx [7]
3 years ago
13

Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________

will push wage rates toward the marginal revenue product of labor. planned future investment in physical capital the pressures of competition in the labor market the marginal workers ongoing skills training wages that exceed workers' net revenue product
Business
2 answers:
slega [8]3 years ago
7 0

Answer:

the pressure of competition in the labor market

Explanation:

If companies are not able to calculate marginal revenue product the labor market will push the wages rates toward the marginal revenue product od labor just because of the supply and demand rule of the labor market, workers will tend to go the employer that offers them the most money and employers will only offer as much as they can possibly offer with a profit margin.

GenaCL600 [577]3 years ago
5 0
Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor. 
By comparing the marginal revenue<span> and </span>marginal<span> cost from each unit produced, a </span>firm<span> in a </span>competitive<span> market can </span>determine<span> the </span>profit<span>-maximizing level of production.</span>
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