Subjective Questions on quot In the long run competitive equilibrium rewarding each input according to its marginal ph........... for Indian Economic Service Preparation

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Subjective Questions

quot In the long run competitive equilibrium rewarding each input according to its marginal ph...........

Economics-I Theory of Production and Cost
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    "In the long-run competitive equilibrium rewarding each input according to its marginal physical product precisely exhausts the total physical product." Critically examine the above statement. (150 words) (15 Marks) 

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