a
costs are minimized
b
maximized efficiency is attained
c
wages are equal to marginal product of labour
d
marginal product of labour is equal to zero
Explanation
Correct Option
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Articulture1234
2 years ago
The theory states that a profit-maximizing firm will hire workers up to the point where the marginal revenue product is equal to the wage rate because it is not efficient for a firm to pay its workers more than it will earn in revenues from their labour.
