menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 60
  4. Exam
    Exam 3: National Income: Where It Comes From and Where It Goes
  5. Question
    The Price Received by Each Factor of Production Is Determined
Solved

The Price Received by Each Factor of Production Is Determined

Question 105

Question 105

Multiple Choice

The price received by each factor of production is determined by:


A) demand for output and supply of factors.
B) demand for factors and supply of output.
C) demand and supply of output.
D) demand and supply of factors.

Correct Answer:

verifed

Verified

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

Related Questions

Q99: The government raises lump-sum taxes on income

Q101: The marginal product of capital is:<br>A)output divided

Q102: Consider a production function for an economy:<br>Y

Q104: In the classical model with fixed income

Q106: According to the neoclassical theory of distribution,

Q108: Assume that an economy is described by

Q109: If an earthquake destroys some of the

Q110: According to the neoclassical theory of distribution,

Q131: Accounting profit is:<br>A) economic profit minus the

Q170: When the demand for loanable funds exceeds

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