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thank you for clarifying the necessity of perfection competition to conclude D = MRP. Clifford said in one of his videos that D = MRP for linear supply but in this case MCL is no longer a wage schedule as it has twice the slope of supply (ie, supply is wage vs. Q but not MCL).
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If you find this video helpful, don't forget to like it! and SUBSCRIBE TO the tutor2u Channel to be alerted as soon as we've uploaded new topic videos like this one.
thank you for clarifying the necessity of perfection competition to conclude D = MRP. Clifford said in one of his videos that D = MRP for linear supply but in this case MCL is no longer a wage schedule as it has twice the slope of supply (ie, supply is wage vs. Q but not MCL).
Lots of labour market economics revision resources can be found here www.tutor2u.net/economics/collections/labour-market-economics
Thank you so much ..very helpful ..God bless you 🙏🏽
So glad!
Thanks alot
Isn’t the price of output is based on the assumption of MR=AR in competitive market (not MR=MR)?
Im not a certified genius or anything, but yes I believe so that was just a typo
Why should a company aim for the MRPL to be equal to Marginal Cost of Labour?
this is the profit maximising condition for an employer
Labour is homogenous. Why does the second worker produce more than the first?
not produce but add less
Plz speak clearly
I think u r not idian that's why ur speaking tune is different
I'm English! Sorry!