Arrange the following steps in the correct sequence to analyze the labor market equilibrium in a perfectly competitive labor market: A) Identify the intersection point of the labor supply and demand curves; B) Determine the marginal revenue product of labor; C) Analyze the equilibrium wage rate and number of workers hired; D) Plot the labor supply and demand curves on a graph.

To analyze the labor market equilibrium in a perfectly competitive labor market, you first need to plot the labor supply and demand curves on a graph. This visual representation helps you see how many workers are available and how many employers want to hire. Next, you determine the marginal revenue product of labor, which shows how much additional revenue each worker generates for the company. After that, you identify the intersection point of the labor supply and demand curves, as this point indicates where the quantity of labor supplied equals the quantity demanded. Finally, you analyze the equilibrium wage rate and the number of workers hired, which tells you the fair wage and the level of employment in the market.