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Labour Theory of Value states that
A. Value of a commodity is produced only by current workers.
B. Value of a commodity is the sum of the value of all inputs (past labour) as well as the current value-added by workers
c. value of a commodity is equal to the sum of wages and salaries of workers.
D. Value of a commodity is equal to the sum of the marginal products of different factors of production
Labour Theory of Value states that
A. Value of a commodity is produced only by current workers.
B. Value of a commodity is the sum of the value of all inputs (past labour) as well as the current value-added by workers
c. value of a commodity is equal to the sum of wages and salaries of workers.
D. Value of a commodity is equal to the sum of the marginal products of different factors of production
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2 Jun 2021