The market, where the services of factor of production are bought and sold is, is

Related MCQs

• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• The producer’s demand for a factor of production is governed by the ___ of that factor.
• Factor prices are determined in the factor market under the forces of
• The return to a factor of production which is fixed in supply in the short period is called
• Every factor of production gets reward equal to its:
• Demand for factor of production is
• Which of the following is not a factor of production?
• Which of the following is a characteristic of capital as a factor of production?
• Every factor of production gets reward equal to:
• If MRP = Price of the factor: firm should _______ at the unit of factor