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Derived Demand

Question 2

Multiple Choice

Derived demand:


A) refers to the supply decisions of a final good influencing the demand for the inputs needed to make it.
B) is the sum total of all factors of production for a given good or service.
C) refers to the demand for variable inputs when at least one fixed input exists.
D) is only computed for the long-run demand decisions based on short-run marginal changes.

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