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Subject - Economics:

Microeconomics

MCQ - 104-4114

Question:

A perfectly competitive employer hires labor up to the point where

  1. Wage = Marginal factor cost.
  2. Wage = Marginal product of labor.
  3. Wage = Marginal revenue.
  4. Wage = Marginal product of labor.
  5. Wage = Price of the good produced by the labor.

Correct Answer: D

Explanation:

This describes the choice that is made by employers in competitive labor markets.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: A perfectly competitive employer hires labor up to the point where , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 104-4114.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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