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Author Question: The demand for any factor of production in a competitive industry depends on (Read 111 times)

vHAUNG6011

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 









Refer to Figure 10.2. This firmʹs marginal cost curve has shifted from 
MC
1 to 
MC
0 A profit-maximizing firm should ________ the amount of output produced and ________ its demand for labor.


◦ increase; increase
◦ increase; decrease
◦ decrease; decrease
◦ keep constant; increase

Question 2

The demand for any factor of production in a competitive industry depends on


◦ its productivity and upon the value of its output in the marketplace.
◦ its productivity and the productivity of all other inputs.
◦ the productivity of all the other inputs and how these inputs are valued in the marketplace.
◦ the amount of the factor that is used and the amounts of all the other factors that are used.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by vHAUNG6011 on Apr 19, 2019

Bsand8

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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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vHAUNG6011

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Reply #2 on: Apr 19, 2019
Excellent


Bsand8

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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