Economics MCQs (BBA Business Administration) From Textbook

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Economics MCQs – Certification Test 21

Demand for Labor Notes (Question 21) – App & e-Book Download

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MCQ: 21

In a perfectly competitive market, the firm's marginal revenue product of labor is known as

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. value of the marginal product of labor
  4. marginal cost of labor

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