This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for any factor of production in a competitive industry depends on (Read 104 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 









Refer to Figure 10.2. This firmʹs marginal cost curve has shifted from 
MC
1 to 
MC
0 A profit-maximizing firm should ________ the amount of output produced and ________ its demand for labor.


◦ increase; increase
◦ increase; decrease
◦ decrease; decrease
◦ keep constant; increase

Question 2

The demand for any factor of production in a competitive industry depends on


◦ its productivity and upon the value of its output in the marketplace.
◦ its productivity and the productivity of all other inputs.
◦ the productivity of all the other inputs and how these inputs are valued in the marketplace.
◦ the amount of the factor that is used and the amounts of all the other factors that are used.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by vHAUNG6011 on Apr 19, 2019

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Apr 19, 2019
Excellent


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut
competitive inhibition competitive inhibition
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
During G0 and early G1, pRB interacts with and inactivates transcription factor E2F During G0 and early G1, pRB interacts with and inactivates transcription factor E2F
Age is the leading risk factor for cancer Age is the leading risk factor for cancer
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library