Question

Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________ will push wage rates toward the marginal revenue product of labor. planned future investment in physical capital the pressures of competition in the labor market the marginal workers ongoing skills training wages that exceed workers' net revenue product

Answer 1

the pressure of competition in the labor market

Step-by-step explanation:

If companies are not able to calculate marginal revenue product the labor market will push the wages rates toward the marginal revenue product od labor just because of the supply and demand rule of the labor market, workers will tend to go the employer that offers them the most money and employers will only offer as much as they can possibly offer with a profit margin.

Answer 2

Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production.