O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2017 · Q91 Mark
Which change will make a manufacturing company replace machines with labour to maintain the most efficient combination of factors of production?
AThe price of the product manufactured has increased.
BThe productivity of labour has increased.
CThe productivity of machinery has increased.
DThe wages of labour have increased.
✓ Correct answer
B: The productivity of labour has increased.
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