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Author Question: The return to any factor of production that is in fixed supply is (Read 59 times)

123654777

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on: Apr 19, 2019

Question 1

The price of a good will be demand determined if


◦ the demand for the good is unit elastic.
◦ the demand for the good is perfectly inelastic.
◦ the supply of the good is perfectly elastic.
◦ the supply of the good is perfectly inelastic.

Question 2

The return to any factor of production that is in fixed supply is


◦ pure profit.
◦ pure rent.
◦ producer surplus.
◦ factor surplus.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by 123654777 on Apr 19, 2019

momtoalll

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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.
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123654777

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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