A factor demand curve will shift because of:
A) the slope of the MP curve.
B) changes in technology.
C) the elasticity of demand for the final product.
D) the proportion of the factor's cost relative to total cost.
Correct Answer:
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Q36: If a firm is using a factor
Q37: Use the following to answer question(s):
Q38: MFC is equal to the:
A) marginal product
Q39: Use the following to answer question(s):
Q40: If a firm is using a factor
Q42: A change in demand for a given
Q43: Use the following to answer question(s):
Q44: If an increase in the use of
Q45: Use the following to answer question(s):
Q46: Use the following to answer question(s):
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