The amount of labour hired depends on the
...The amount of labour hired depends on the
Number of skilled labour available
Skill of labour
Marginal productivity of labour
Price of the inputs
Correct answer is C
The demand for an additional amount of labour depends on the Marginal Revenue Product (MRP). Firms will hire more labour when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.
The recent revolution of Cassava from ordinary food crop to export crop will lead to ...
The natural growth rate of a population is the ...
The best index for international comparison of standards of living is the ...
Revenue can be expressed as ...
Economic as a field of study is a ...
The study of economics becomes necessary because of the ...
A classroom teacher is promoted to the rank of a principal. This is an example of ...
The location of iron and steel industry at a place is due to ...
The slow pace of industrial growth in Nigeria can be attributed to ...