Which of the following is not a factor of production?
A) Land
B) Labour
C) Money
D) Capital
Correct Answer:
Verified
Q5: Factor prices are determined in the factor
Q6: The labour market equilibrium determines the wage
Q7: Equilibrium conditions for factor market is
A)Demand for
Q8: Demand for factor of production is
A)Supplementary demand
B)Intermediate
Q9: Factor market will be in equilibrium when
A)Demand
Q11: The supply of a good refers to:
A)Stock
Q12: The cost of one thing in terms
Q13: The producer's demand for a factor of
Q14: Under conditions of perfect competition in the
Q15: In a perfectly competitive market a firm
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