Home » Economics » If a producer sells 1kg of rice for N20 and his marginal products is 100kg,…If a producer sells 1kg of rice for N20 and his marginal products is 100kg,… If a producer sells 1kg of rice for N20 and his marginal products is 100kg, what is the highest wage he can pay the marginal labourer? A. N 20.00 B. N 30.00 C. N 50.00 D. N 100.00 E. N 200.00 Correct Answer: Option E Explanation Related Posts In perfect competition,price is determined by the The major role of NDIC is to which of the following is not a trade union in Nigeria? one of the instruments of protection of infants industries is the if there is an increase in wages and salaries without corresponding increase in the supply… If demand increases without a change in supply, equilibrium price and quantity will
