menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 51
  4. Exam
    Exam 13: Factor Markets: With Emphasis on the Labor Market
  5. Question
    Factor X Is Used in the Production of Good Y
Solved

Factor X Is Used in the Production of Good Y

Question 51

Question 51

Multiple Choice

Factor X is used in the production of good Y. Which of the following will increase the demand for factor X?


A) a decrease in the demand for Y
B) a rise in the MPP of factor X
C) a fall in the price of good Y
D) a fall in the cost of employing factor X

Correct Answer:

verifed

Verified

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

Related Questions

Q46: Situation 26-1 A company is trying to

Q47: Exhibit 26-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 26-1

Q49: The lower the elasticity of demand for

Q50: If there are two factors used in

Q54: For a given firm, marginal factor cost

Q55: Exhibit 26-3 ​<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 26-3 ​

Q88: Firm A has a higher labor cost-total

Q129: Alex Rodriguez was the highest played baseball

Q152: What is the relationship between the elasticity

Q167: For a product price taker, VMP equals

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