Suppose the Labour Market Is in Equilibrium

question 124

Multiple Choice

Suppose the labour market is in equilibrium.Which of the following statements is false?

• A)The equilibrium wage rate is equal to the marginal revenue product of labour.
• B)At the equilibrium wage, the quantity of labour demanded equals the quantity of labour supplied.
• C)Some workers will earn more than the equilibrium wage.
• D)At the equilibrium wage, the demand for labour is equal to the supply of labour.

---

Definitions:

Multi-Phrase

Refers to combinations of words used together to express a complex idea, concept, or terminology.

Search Queries

Text that users enter into a search engine to find information online, which reflects their interests, needs, or questions.

Golden Triangle

A term used in web usability and search engine results, describing the area on a webpage that receives the most viewer attention.

Search Engine Marketers

Professionals who specialize in optimizing web content and advertisements to enhance visibility and ranking in search engine results pages.