Author Question: With regard to the supply of factors of production, what is the hypothesis of "equal net advantage"? (Read 89 times)

april 19 · **on:** Oct 12, 2022

Question 1

The theory of equal net advantage is a theory concerning
◦ the supply of factors.
◦ the demand for factors.
◦ the marginal product of the factors.
◦ the production process.
◦ economic versus accounting profit.

Question 2

With regard to the supply of factors of production, what is the hypothesis of "equal net advantage"?
◦ Owners of factors will use their factors in a way that results in the largest financial return.
◦ Demand curves for a factor in any particular use are not likely to shift.
◦ In equilibrium, owners of identical factors of production will receive different net returns for different uses of the factors.
◦ Supply curves for a factor in any particular use are not likely to shift.
◦ Owners of factors will use them in a way that results in the largest combined monetary and non-monetary rewards.

Jim457 · **Reply #1 on:** Oct 12, 2022

A FREE account is required to view all solutions!

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 39% of students answer this correctly