Question 0

The basic relationship between the cost of production, and the market price of any commodity in the short run is that the market price?

  • A.always reflects the cost of labour
  • B.reflects the variable, but not the fixed cost of production
  • C.does not rise above variable costs
  • D.is determined by the cost of production and the current rate of inflation
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1994
Question no.
#0
Type
Objective

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