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Question 18

If profit maximization is assured to be objective of a business enterprise, labour must be paid a wage rate equal to the:

  • A.Marginal revenue of the enterprise
  • B.Average revenue of the labour in the enterprise
  • C.Average revenue of the enterprise
  • D.The marginal cost of the production
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2017/2018
Question no.
#18
Type
Objective
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