At the Competitive Equilibrium with a Positive Proportional Labor Income

question 54

Multiple Choice

At the competitive equilibrium with a positive proportional labor income tax

• A) the real wage after tax exceeds the marginal product of labor.
• B) the real wage after tax equals the marginal product of labor.
• C) the real wage after tax is lower than the marginal product of labor.
• D) We cannot say.

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Geriatric Patients

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