If in an industry with one variable input, the marginal product of the input doubled and the output price fell in half, the demand for the input would:
A) be four times its previous level.
B) be two times its previous level.
C) be the same as its previous level.
D) be one half its previous level.
E) be one fourth its previous level.
Correct Answer:
Verified
Q66: Which of the following is likely to
Q75: Which of the following will contribute to
Q76: Based on the table below, how
Q77: Which of the following will not result
Q77: If the demand for software engineers _
Q79: A productivity slowdown could result from
A)an increase
Q81: Which of the following is false?
A)An increase
Q83: Which of the following might shift an
Q90: Other things being equal,an increase in the
Q127: Increases in income from other sources than
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