A profit maximising firm will employ labour up to th... - Solved MCQs & Answer

3156EconomicsMedium

A profit maximising firm will employ labour up to the point where?

AMarginal revenue product = average cost of labour

BMarginal revenue = marginal product

CMarginal revenue product = marginal cost of labour

DMarginal cost = marginal product

Correct answer

D. Marginal cost = marginal product

Explanation

The correct answer is Marginal cost = marginal product.

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