Which one of the following statements is incorrect? (Perfect competition) swered It of Select one: a. A firm will continue to employ labour as long as the employment of each additional unit adds more to its total revenue than to its estion total cost. b. A firm will continue to employ labour as long as the marginal benefit of the employment of each additional unit exceeds the marginal cost thereof (ie the wage rate). O c. The marginal benefit of employing an additional unit is equal to the marginal physical product (MPP) multiplied by the price of the product (P). O d. The marginal benefit of employing an additional unit is equal to the marginal revenue product (MRP). O e. A firm will be in equilibrium if the marginal benefit of employing labour (MRP) is greater than the marginal cost (the wage rate). 0 Which one of the following statements is incorrect? wered Minimum wages. be here to search w L e O