Physical productivity is affected by all the under listed factors except the
ECONOMICS
WAEC 2013
Physical productivity is affected by all the under listed factors except the
- A. state of technology
- B. quantity of inputs
- C. quality of inputs
- D. price of output
Correct Answer: D. price of output
Explanation
The amount of products a firm would manufacture does not depend on the price of the output. The price of the output is the rate at which the firm will exchange the product in the market. It does not affect the physical production
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