2 marksThe Demand for and Supply of Factors

CAPE Economics Unit 1 · 2006 · Paper 1 · Question 11(c)

List TWO factors of production and explain how the reward of any ONE of them relates to the cost of production.

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11(a)Explain briefly the difference between interest and profits.[2 marks]
11(b)John told Jane that the price of sugar is an important factor influencing the price of land on which sugar cane is planted. Explain why this may be so.[2 marks]

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