MCQOPTIONS
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MCQOPTIONS
| 1. |
The firm is in equilibrium in the factor market when it employs units of labour upto the point where |
| A. | The marginal revenue product of labour is equal to its marginal cost |
| B. | The marginal revenue product of labour is more than its marginal cost |
| C. | The marginal revenue product of labour is less than its marginal cost |
| D. | none |
| Answer» B. The marginal revenue product of labour is more than its marginal cost | |