Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

A large-scale farming enterprise uses labour and capital equipment as substitute inputs. If the government introduces a policy to subsidise capital equipment, what effect would this have on the factor inputs?

  • Aquantity of labour: decreases; quantity of capital equipment: increases
  • Bquantity of labour: decreases; quantity of capital equipment: decreases
  • Cquantity of labour: increases; quantity of capital equipment: decreases
  • Dquantity of labour: increases; quantity of capital equipment: increases

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI