menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 5: Production Theory and Estimation
  5. Question
    If the Price of an Input Increases, Then the Firm
Solved

If the Price of an Input Increases, Then the Firm

Question 13

Question 13

True/False

If the price of an input increases, then the firm will use more of it.

Correct Answer:

verifed

Verified

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

Related Questions

Q8: American firms generally stress product innovation while

Q9: CAD-CAM allows firms to develop products more

Q10: A country will import goods in which

Q11: Firms will only operate at points on

Q12: A firm currently employs 25 production workers

Q14: Scale is a short-run concept.

Q15: The slope of the short-run production function

Q16: Most innovations are based on new technologies

Q17: The use of robots on automobile assembly

Q18: The marginal resource cost of an input

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