CSS :: Agricultural Economics And Farm Management
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If technical progress leads to a rise in labour productivity of 5%, then an increase of 5% in the wage rate would imply that:
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| [A]. |
Workers will derive all of the benefits | [B]. |
There will be cost-push will remain unchanged
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| [C]. |
Unit labour costs will remain unchanged | [D]. |
Profit per unit will invariably fall |
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