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    • Question

      Which of the following is not correct factor/s of

      production?
      A Land Correct Answer Incorrect Answer
      B Labour Correct Answer Incorrect Answer
      C Capital Correct Answer Incorrect Answer
      D Technology Correct Answer Incorrect Answer
      E All correct Correct Answer Incorrect Answer

      Solution

      Factor Cost = Factors of Production 1. Land (Rent) 2. Labour (Wages) 3. Capital (Interest) 4. Entrepreneurship (Profit) Factor Cost = Rent + Wages + Interest + Profit Please video for more clarity.

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