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

Author Question: With regard to the supply of factors of production, what is the hypothesis of "equal net advantage"? (Read 63 times)

april 19

  • Full Member
  • ***
  • Posts: 136
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.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by april 19 on Oct 12, 2022

Jim457

  • Full Member
  • ***
  • Posts: 187
Reply #1 on: Oct 12, 2022
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


april 19

  • Member
  • Posts: 136
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

The intermediate-disturbance hypothesis of community organization. The intermediate-disturbance hypothesis of community organization.
In nest, under production In nest, under production
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Production of Ethanol process Production of Ethanol process
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Hormonal and nervous factors influencing blood pressure Hormonal and nervous factors influencing blood pressure
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library