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

Author Question: For a firm selling its product in a perfectly competitive market, the demand curve for a factor of ... (Read 73 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: May 24, 2019
For a firm selling its product in a perfectly competitive market, the demand curve for a factor of production is downward sloping because
◦ of the diminishing marginal product of the factor.
◦ to sell more output, the firm must lower the price of its product.
◦ firms must hire more factors of production if they want to increase their output.
◦ a factor's marginal product increases when the price of the factor increases.
◦ None of these answers is correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on May 24, 2019

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 24, 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.
Answer Preview
Only 49% of students answer this correctly


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: May 24, 2019
Thank you!


josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
The graph of y = sqrt(x) is vertically stretched by a factor The graph of y = sqrt(x) is vertically stretched by a factor
Termination of translation by release factor (eRF) proteins in eukaryotes Termination of translation by release factor (eRF) proteins in eukaryotes
Video: Introduction to Diabetes

For a complete list of videos, visit our video library