menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Price Theory and Applications
  4. Exam
    Exam 15: The Demand for Factors of Production
  5. Question
    When Two Factors Are Substitutes in Production,an Increase in the Employment
Solved

When Two Factors Are Substitutes in Production,an Increase in the Employment

Question 58

Question 58

True/False

When two factors are substitutes in production,an increase in the employment of one increases the marginal product of the other.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: An industry's demand curve tends to be

Q54: A monopsonist is<br>A) a buyer who faces

Q55: The temporary producers' surpluses earned in the

Q56: If increased capital usage reduces the firm's

Q57: The profit an owner receives is equivalent

Q59: Increased use of machinery always hurts workers

Q60: When will the substitution effect of a

Q61: A competitive firm's demand for labor always

Q62: A monopsonist's short-run demand curve for labor

Q63: According to the standard competitive model,industries with

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines