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

Author Question: For a firm selling its product in a perfectly competitive market, the demand curve for a factor of ... (Read 57 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: May 24, 2019
For a firm selling its product in a perfectly competitive market, the demand curve for a factor of production is downward sloping because
◦ of the diminishing marginal product of the factor.
◦ to sell more output, the firm must lower the price of its product.
◦ firms must hire more factors of production if they want to increase their output.
◦ a factor's marginal product increases when the price of the factor increases.
◦ None of these answers is correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on May 24, 2019

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 24, 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 49% of students answer this correctly


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: May 24, 2019
Thank you!


josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP
Dose-response curve with threshold Dose-response curve with threshold
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
How to completely factor quadratics How to completely factor quadratics
The graph of y = sqrt(x) is vertically stretched by a factor The graph of y = sqrt(x) is vertically stretched by a factor
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library