The Marginal Revenue Product is likely to be wage inelastic if ?

A. It is relatively easy to substitute capital for labour

B. There are many substitutes for the final product

C. Labour costs are a high percentage of total costs

D. Demand for the final product is price inelastic

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.