Profit is the factor price for
A) capital.
B) land.
C) entrepreneurship.
D) labour.
E) capital services.
Correct Answer:
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Q1: Natural resources that are depleted as they
Q3: To maximize profit,a firm hires labour until
A)there
Q6: Use the table below to answer the
Q7: The value of marginal product of labour
Q10: Suppose a gift shop in Corner Brook,Newfoundland,hires
Q11: Coal is an example of
A)a nonrenewable natural
Q16: Choose the statement that is incorrect.
A)Entrepreneurship is
Q19: Choose the statement that is incorrect.
A)Capital consists
Q20: If marginal product of a restaurant employee
Q32: Use the table below to answer the
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