If two resources,such as labor and farm machinery,are complements _____
A) one can be used in place of the other.
B) an increase in the price of one will increase the demand for the other.
C) an increase in the price of one will increase the supply of the other.
D) a decrease in the price of one will decrease the demand for the other.
E) a decrease in the price of one will increase the demand for the other.
Correct Answer:
Verified
Q162: If the marginal product of labor increases
Q163: Which of the following represents the resource
Q164: If the market wage is below the
Q165: If a firm hires a resource in
Q166: Suppose a firm has some power in
Q168: Table 11.6 Q169: A firm sells staples in a perfectly
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