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 96 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
Great answer, keep it coming :)

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Actions of regulatory transcription factors and small effector molecules Actions of regulatory transcription factors and small effector molecules
Factors affecting communication Factors affecting communication
Five Factors of Personality and the Traits they Include Five Factors of Personality and the Traits they Include
Production of Ethanol process Production of Ethanol process
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Expansion factors for venturi flowmeters Expansion factors for venturi flowmeters
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library