Exam Question
The marginal productivity theory states that under perfect competition, price of each factor of production will be
- 1. Equal to its marginal productivity
- 2. More than its marginal productivity
- 3. Less than its marginal productivity
- 4. Equal to or more than its marginal productivity
View Answer
Answer 1. Equal to its marginal productivity
Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.