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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
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Correct Answer: Option D
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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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