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WAEC - Economics (2013 - No. 34)

Physical productivity is affected by all the under listed factors except the
state of technology
quantity of inputs
quality of inputs
price of output

Paaiškinimas

The amount of products a firm would manufacture does not depend on the price of the output. The price of the output is the rate at which the firm will exchange the product in the market. It does not affect the physical production.

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