if X represent the factors of production and Y represent the factor price, which of the following sets of association is correct? - SchoolNGR

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if X represent the factors of production and Y represent the factor price, which of the ...

if X represent the factors of production and Y represent the factor price, which of the following sets of association is correct?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A (land, rent) (capital, wage), (labour, profit)
B (land, interest) (capital,profit), (labour, wage),
C (land, wage), (capital, interest), (labour,rent),
D (land,rent), (capital, interest), (labour, wage),

Correct Answer: Option D

Explanation:

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