The demand for a factor of production is:

Related MCQs

• Monopolist will not produce that portion of demand curve where the elasticity of demand
• The price paid for any factor of production tends to be equal to:
• If factor prices and factor quantities move in the same direction, we have
• If the demand curve facing a firm is perfectly elastic, then:
• The demand curve faced by a monopoly is:
• A monopoly is a ________, therefore the demand curve it faces is ________
• If the Average Total Cost curve of a firm in monopolistic competition happens to be above the demand curve, it means:
• If there is a permanent increase in the demand for cars, car manufacturers will want to hire ________ workers, which will cause wages in the industry to ________.
• The demand curve for a perfectly competitive firm
• Demand curve is perfectly elastic under: