All of the Following Are True at the Equilibrium Wage

question 119

Multiple Choice

All of the following are true at the equilibrium wage in a competitive market except

• A) MRP equals the wage rate.
• B) The ratio of the MPP to the factor's price is the same for all factors.
• C) The market demand curve for labor intersects the market supply curve of labor.
• D) MRP is less than MPP.

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Definitions:

Myelin Sheath

The white, fatty material that forms a sheath around the axons of certain nerve cells, which are then called myelinated fibers.

Neurotransmitters

Chemicals released by neurons to transmit signals across a chemical synapse to another neuron or to an effector cell, such as a muscle or gland.

Voltage-Gated

Pertaining to ion channels that open or close in response to changes in membrane potential, playing a critical role in the conduction of electrical signals in neurons.

Neuronal Membrane

The lipid bilayer that surrounds a neuron, maintaining the cell's structure and contributing to its function by regulating the movement of ions and molecules.