This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Entrepreneurs should always A) be the first mover B) have a brand name C) seek economic profit ... (Read 84 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Entrepreneurs should always
 A) be the first mover
  B) have a brand name
  C) seek economic profit
  D) seek accounting profit

Question 2

Explain what is meant by derived demand as it relates to factors of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

The demand for a factor of production is derived from the underlying demand for the final good or service, which the factor helps produce. A firm wishes to employ the factor for what the factor will add to the profitability of the firm. Therefore an increase in the price of the final good or service, which increases the profitability of production, will also lead to an increase in demand for factors.


fahad

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
:D TYSM

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Economic and Social Development Economic and Social Development
Economic and Social Development Economic and Social Development
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Economic objectives of firms Economic objectives of firms
economic question economic question
economic question economic question
Video: Chemical Equilibrium between N2O4 (colorless gas) and NO2 (brown gas)

For a complete list of videos, visit our video library