Question : Exploitation of labour is said to exist when:
Option 1: wages = Marginal Revenue Product
Option 2: wages < Marginal Revenue Product
Option 3: wages > Marginal Revenue Product
Option 4: Marginal Revenue Product = 0
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Correct Answer: wages < Marginal Revenue Product
Solution : The correct answer is wages < Marginal Revenue Product .
When wages are less than the Marginal Revenue Product (MRP), labour exploitation is said to prevail. This is because MRP assesses the additional income generated by a company by hiring one more employee. When wages fall below MRP, the corporation is effectively paying the worker less than the value of their output.
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