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Author Question: Profit is the factor price for ________. A) capital B) land C) entrepreneurship D) ... (Read 103 times)

V@ndy87

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on: Jun 29, 2018
Profit is the factor price for ________.
 
  A) capital
  B) land
  C) entrepreneurship
  D) labor

Question 2

If the price of peanuts increases by 10 percent and the price of potato chips does not change, then the relative price of peanuts with respect to potato chips will ________ and the relative price of potato chips with respect to peanuts will ________.
 
  A) rise; rise
  B) rise; fall
  C) fall; rise
  D) fall; fall


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scrocafella

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


V@ndy87

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  • Posts: 571
Reply 2 on: Jun 29, 2018
Excellent

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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