Match the basic content of the theory List-I with the theories List-II.
| List-I | List-II |
| a. Wages paid are equal to the productivity of the last worker hired | 1. Taussig's Theory of Wages |
| b. Wages, hours and working conditions are largely a matter of relative bargaining strength of two sides | 2. Marginal Productivity Theory |
| c. Wages are residue left over after the other factors of production have been paid wages | 3. The Bargaining Theory |
| d. Wages equal the total product of labour of the marginal firm minus the amount discounted by the employer for advance support of the worker | 4. Residual Claimant Theory |
A. a-2, b-4, c-3, d-1
B. a-3, b-2, c-1, d-4
C. a-2, b-3, c-4, d-1
D. a-3, b-1, c-2, d-4
Answer: Option C

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