Which one of the following does NOT fall in the category of factors of production?
A) land
B) labor
C) entrepreneurship
D) natural resources
Correct Answer:
Verified
Q1: The four different types of factors of
Q3: Because the demand for a factor of
Q4: The term _ demand is used to
Q5: A firm's demand for labor is determined
Q6: The marginal product of labor refers to
Q7: According to the law of diminishing returns,
Q8: The contribution of an additional worker to
Q9: A firm's labor demand curve is equivalent
Q10: A firm will be willing to hire
Q11: A firm will be willing to hire
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