Firms continue to employ workers until the wage rate equals the?

ECONOMICS
JAMB 2000

Firms continue to employ workers until the wage rate equals the?

  • A. average product of labour
  • B. marginal revenue product of labour
  • C. total product of labour
  • D. sum of marginal revenue and average revenue of labour

Correct Answer: B. marginal revenue product of labour



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.