Economics · Factor Pricing
Which of the following relations regarding factor pricing is NOT correct? (Where MRP = Marginal Revenue Product, MPP = Marginal Physical Product, VMP = Value of Marginal Product, MR = Marginal Revenue, and P = Price)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1None of these (All are correct)✓
- 2VMP = MPP × P
- 3VMP = MRP under perfect competition
- 4MRP = MPP × MR
Correct answer
None of these (All are correct)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Factor Pricing MCQs →Want more practice questions on Factor Pricing?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Factor Pricing