UGC NET
Ayushi Asked a Question
September 10, 2020 7:47 pmpts 30 pts
  • UGC NET
  • Economics

.10 if the marginal productivity of labour in agriculture is zero, then the labour supply curve for industry, as assumed by lewis, will be: perfectly elastic an

.10 If the marginal productivity of labour in agriculture is zero, then the labour supply curve for industry, as assumed by Lewis, will be: perfectly elastic Ans backward bending perfectly inelastic upward rising
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  • Nidhi taparia thankyou
    Option 1 is correct. Lewis in his model of Unlimited Supplies of Labour states that when labour in agriculture has zero MP, it becomes perfectly elastic at prevailing wage rate fo...
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