Ayushi Asked a Question
August 25, 2020 2:11 pmpts 30 pts
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
  • 2 Answer(s)
  • 1 Likes
  • 2 Comments
  • Shares
  • Nidhi taparia Best Answer
    27. The answer is (2). Adding up problem or Euler's product exhaustion theorem assumes long run.
    Likes(0) Reply(0)
  • Nidhi taparia thankyou
    28. Option (2) is correct. MP of labour curve shows demand of labour for a firm.
    Likes(0) Reply(0)