According to the Classical Model,workers Chose a Level of Labor

question 41

Multiple Choice

According to the classical model,workers chose a level of labor that equates the

• A)real wage and marginal product of labor.
• B)nominal wage and marginal product of labor.
• C)the marginal utility of consumption and the marginal disutility of lost leisure.
• D)the marginal utility of consumption with the real wage.

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Definitions:

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