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.
Any price below the equilibrium price will lead to ...
The difference between birth and death rates of a given population is referred to as the ...
In the long run, all production factors are___________ ...
Economist speaks about ‘opportunity cost’ when a consumer ...
A disadvantage of concentrating industries in an area is that it could ...
Which of the following is a factor affecting the size of national income? ...
A problem of price control is ...
A commercial bank is able to create money ...
The sign of the slope of a graph in economic analysis is important because it ...
Import substitution as a strategy of industrialization is the ...