The amount of labour a producer hires relative to labour factor inputs depends on the?

The amount of labour a producer hires relative to labour factor inputs depends on the?
  • A.
    price of labour or it wage
  • B.
    price of labour, machinery and other inputs
  • C.
    price of machinery
  • D.
    price of the other inputs
  • E.
    type of machinery
Correct Answer: Option B
Explanation
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