If profit maximization is assumed to be the objective of ...
If profit maximization is assumed to be the objective of a business enterprise, labour must be paid a wage rate equal to the
Marginal revenue of the enterprise
Marginal revenue product of labour in the enterprise
Average revenue of the enterprise
Marginal cost of production
Correct answer is B
No explanation has been provided for this answer.
Given that Qd = 40-2P and Qs = 6P+24. Calculate the equilibrium price. ...
In the diagram above, the consumer attains equilibrium at point ...
Which of the following is part of the capital account of the balance of payments? ...
The relationship between the value of money and the price level is ...
The ownership of a public limited liability company is made up of ...
A budget with a projected revenue in excess of its expenditure is said to be ...
A list of consumer's wants arranged in order of priorities is known as ...
The principle of comparative cost advantage was propounded by ...