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If profit maximization is assumed to be the objective of a business enterprise, labour ...
Classroom
Economics Classroom
Jamb
Jamb 1993
Factors Of Production And Their Theories
Factor Mobility And Efficiency Of Factors Of Production
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If profit maximization is assumed to be the objective of a business enterprise, labour must be paid a wage rate equal to the?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Marginal revenue of the enterprise
B
Marginal revenue product of labour in the enterprise
C
Average revenue of the enterprise
D
Marginal cost of production
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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