Factor X is used in the production of good Y. Which of the following will increase the demand for factor X?
A) a decrease in the demand for Y
B) a rise in the MPP of factor X
C) a fall in the price of good Y
D) a fall in the cost of employing factor X
E) a and b
Correct Answer:
Verified
Q148: Which of the following does not affect
Q149: Given a 10 percent decrease in wages,
Q150: For wage rates to be the same
Q151: As the wage rate rises,
A)the supply of
Q152: Which of the following statements is true?
A)A
Q154: Which of the following statements is false?
A)There
Q155: What is the relationship between the elasticity
Q156: The MPP/Price ratio for labor is 25/$5
Q157: Which of the following statements is false?
A)The
Q158: When the owners of a professional sports
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents