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Author Question: For a firm selling its product in a perfectly competitive market, the demand curve for a factor of ... (Read 63 times)

BrownTown3

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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
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Marked as best answer by BrownTown3 on May 24, 2019

josephsuarez

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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.
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BrownTown3

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Reply #2 on: May 24, 2019
Thank you!


josephsuarez

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Reply #3 on: May 24, 2019
Always glad to help...


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