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A) Demand for factors is less than its supply
B) Demand for factors is equal to supply of factors
C) Supply of factors is less than for it
D) All of the above
E) A) and B)
F) A) and C)
F) A) and C)
Correct Answer
verified
Correct Answer
verified
A) Surplus commodity in the market
B) Supply curve will shift
C) Demand curve will shift
D) Shortage of commodity in the market
E) B) and C)
F) C) and D)
F) C) and D)
Correct Answer
verified
Correct Answer
verified
A) The marginal revenue product of labour is equal to its marginal cost
B) The marginal revenue product of labour is more than its marginal cost
C) The marginal revenue product of labour is less than its marginal cost
D) none
E) B) and C)
F) A) and D)
F) A) and D)
Correct Answer
verified
Correct Answer
verified
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