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Only d.

*- .f (d) (i) Under a perfectly competitive scenario q= 10 + 5L and P= 6. where q = level of output. P = price and L = labour employed. Find the equilibrium wage. (ii) The magnitude of economic rent depends on the elasticity of supply of the factor input. Explain. 2+3 (c) When two commodity baskets are purchased by the consumer at two different points of lime