-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive

question 84

Multiple Choice

-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market) Assume that the market determined price of bricklayers is $100. For a profit-maximizing firm at the equilibrium level of output, the MRP_BRICKLAYERS is:

• A) $200.
• B) equal to the MFC_BRICKLAYERS.
• C) the supply curve for the firm hiring bricklayers.
• D) irrelevant, since the firm is a price taker.

---

Definitions:

Marginal Tax Bracket

The rate at which the last dollar of a taxpayer's income is taxed, indicating the tax rate applied to their highest portion of income.

Corporate Bond

A debt security issued by a corporation to raise capital, promising to repay the borrowed amount plus interest at a specified future date.

Nikkei

An abbreviation for the Nikkei 225 Stock Average, a leading index of Japanese stocks.