The return to a factor of production which is fixed in supply in the short period is called

Related MCQs

• The producer’s demand for a factor of production is governed by the ___ of that factor.
• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• Which of the following is not a factor of production?
• Which of the following is a characteristic of capital as a factor of production?
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• Every factor of production gets reward equal to its:
• The market, where the services of factor of production are bought and sold is, is
• Demand for factor of production is
• Every factor of production gets reward equal to:
• Factor prices are determined in the factor market under the forces of