Economics 0455 · IGCSE · The factors of production

The factors of production — practice question

For which case can the level of reward be fixed before production begins for the first factor of production but not for the second factor?

  • Afirst factor: capital; second factor: land
  • Bfirst factor: enterprise; second factor: labour
  • Cfirst factor: labour; second factor: capital
  • Dfirst factor: land; second factor: enterprise

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