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27. what is not correct regarding assumptions of adding-up problem ? (1) constant returns to scale (2 applicable in the short-run (3) perfect competiion (4) ris
27. What is not correct regarding assumptions of adding-up problem ? (1) Constant returns to scale (2 Applicable in the short-run (3) Perfect competiion (4) Risk-free static economny (1) T err uf (2) 7F735TY (3) srMT (4) 28. The marginal revenue productivity of a labour for a firm expresaes (1) Marginal cost of a labour (2) Demand for labour of a firm (3) Increaec in the marginal productivity of a labour (4 Marginal wage
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Nidhi taparia Best Answer
27. The answer is (2). Adding up problem or Euler's product exhaustion theorem assumes long run.
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Nidhi taparia![best-answer]()
28. Option (2) is correct. MP of labour curve shows demand of labour for a firm.