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If profit maximization is assumed to be the objective of a business enterprise, labour must…

If profit maximization is assumed to be the objective of a business enterprise, labour must be paid a wage rate equal to the?
  • A.
    marginal revenue of the enterprise
  • B.
    marginal revenue product of labour in the enterprise
  • C.
    average revenue of the enterprise
  • D.
    marginal cost of production
Correct Answer: Option B
Explanation