The price paid for any factor of production tends to be equal to: / » Micro economics 2 solved MCQs / By admin Question: The price paid for any factor of production tends to be equal to: A. the wage rate B. the value of the marginal product of that input C. the price of the product sold by the firm that inputs D. the price of the product sold by the firm that buys the inputs Answer» b. the value of the marginal product of that input Note: The above multiple-choice question is for all general and Competitive Exams in India.
