There will be an increase in factor demand because of a(n) _____ in the price of...
There will be an increase in factor demand because of a(n) _____
in the price of the _____.
Select one:
a. increase; factor
b. decrease; factor
c. increase; good the factor produces
d. decrease; good the factor produces
Homework Answers
c. increase; good the factor produces
Demand for a factor = Price of output * marginal product
Increase in price of output produced by the factor or increase in marginal productivity of the factor lead to increase in demand for the factor
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There will be an increase in factor demand because of a(n) _____
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