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Author Question: Input demand is called derived demand because a. demand for an input is derived from demand for the ... (Read 177 times)

mwit1967

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on: Jul 1, 2018
Input demand is called derived demand because
 a. demand for an input is derived from demand for the product or service it produces.
  b. demand for an input is derived from its availability in the input market.
  c. demand for the output produced is also derived from consumer demand.
  d. input demand actually determines how much output is produced.

Question 2

The lump sum principle suggests that the tax that reduces utility the least is
 a. a tax on income
  b. a tax on a good with many substitutes
  c. an equal tax per-unit on all goods
  d. a tax on a good with only a few substitutes


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AaaA

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


mwit1967

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

dantucker

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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