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At the Profit-Maximising Amount of Labour, the Wage Equals Which

Question 165

Multiple Choice

At the profit-maximising amount of labour, the wage equals which of the following? (i) price × the marginal product of labour
(ii) the value of the marginal product of labour
(iii) marginal cost


A) (i) and (ii)
B) (ii) and (iii)
C) (i) only
D) (iii) only

Correct Answer:

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