Economics · Labor Economics

In economic theory, exploitation of labor is said to exist if the wage rate is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Equal to the total revenue of the firm
2Less than the Marginal Revenue Product of Labor✓
3Greater than the Marginal Revenue Product of Labor
4Equal to the Marginal Revenue Product of Labor

Correct answer

Less than the Marginal Revenue Product of Labor

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Labor Economics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Labor Economics MCQs →

Recommended practice questions in Economics · Labor Economics

Browse More Economics →

Which of the following events is considered a major turning point that fueled Indian nationalism during British rule due to its brutal nature and widespread condemnation?

Solve Question→

Which of the following events is considered the first major peasant uprising against the British in India?

Solve Question→

In economic theory, exploitation of labor is said to exist if the wage rate is:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

In economic theory, exploitation of labor is said to exist if the wage rate is:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions