what are the limitations of the principle of lease cost combination
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the limitations of the principal of
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what are the limitations of the principle of lease cost combination ??
ans: There are certain limitations to the principle of least cost combination. 1) All the factors of production are not perfectly divisible. Substitution of factors is not possible in the case of such factors. 2) It is not possible to estimate correctly the marginal productivity of every factor of production.
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