Post Utme Elizade University 2020 Commerce Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

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

Answer Options

A. MRPL > MFC
B. MRPL < MFC
Correct Answer C. MRPL = MFC
D. MRPL is irrelevant to MFC
Correct Answer
C
Correct Option:
MRPL = MFC

About This Question

This is Post Utme Elizade University 2020 Commerce Question 6. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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