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?

Question 1 Report

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?

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
Thousands of JAMB, WAEC & NECO Past Questions
Over 1200 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning