The basic relationship between the cost of prod... - JAMB Economics 1994 Question
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
correct option: b
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