Post Utme Lasu 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Lasu Commerce examination.

Post Utme Lasu 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_LASU • 2025 • 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 and MFC are unrelated
Correct Answer
C
Correct Option:
MRPL = MFC

About This Question

This is Post Utme Lasu 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Lasu Commerce examination.

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