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WAEC Economics 2013 Question 38

Question 38

Theory of Production

Physical productivity is affected by all the underlisted factors except the

  1. A.state of technology.
  2. B.quantity of inputs.
  3. C.quality of inputs.
  4. D.price of output.
Show the answer and explanation

Answer: D (price of output.)

Explanation

Physical productivity is output per unit of input; the selling price affects revenue, not physical output.