Solved

For Firms in Perfectly Competitive Labour Markets the Profit- Maximising

Question 32

Multiple Choice

For firms in perfectly competitive labour markets the profit- maximising quantity of labour to employ is the level where:


A) marginal benefit is equal to marginal cost
B) marginal revenue is slightly higher than marginal cost
C) the marginal revenue product of labour is slightly higher than marginal cost
D) the marginal revenue product of labour is equal to the wage rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents