Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

The chart presents data on the average daily wage rate across all industries in India. (Chart: rupees per day 2011-2014 showing values ~280 to 200) What might have caused this pattern in wage rates?

  • Aan increase in capital-intensive production
  • Ban increase in the number of industrial workers
  • Can increase in the number of people unemployed
  • Dan increase in the productivity of labour

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