Post Utme Afe Babalola University 2017 Commerce Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2017 Commerce Objective / Multiple Choice
Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue product of labor and the marginal factor cost of labor?

Answer Options

A. MRP = MFC
B. MRP > MFC
Correct Answer C. MRP < MFC
D. MRP = -MFC
Correct Answer
C
Correct Option:
MRP < MFC

About This Question

This is Post Utme Afe Babalola University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.

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