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)

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