Ayushi Asked a Question
August 26, 2020 2:08 pmpts 30 pts
22. In practice the reward paid to a factor depends upon (1) lts productivity and the price of the product it makes (2) Value of its output minus profit tax (3) General directives of the government (4) ls cost and thc price of the product it makes (2) 3H5 3NEA ET (-) T 23. When VMP,> MRP,>P, we have (1) Monopolistic exploitation (2) Monopsonistic exploitation (3) Both monopolistic and monopsonistic exploitation 4 Neither type of exploitation s0
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  • Nidhi taparia thankyou
    23. The answer should be option (3). Monopolistic exploitation occurs when AR > MR, means VMP > MRP. Monopsonistic exploitation occurs when MFC > AFC. AFC is the wage rate. At eq...
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  • Payel banerjee
    22. option 1 is right
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  • Payel banerjee
    23.option 3
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