True/False
The price of any factor of production in a competitive market depends on the value of the final product it is used to produce.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q65: The demand for _ in a competitive
Q66: The wage rate will fall and firms
Q67: The demand for any factor of production
Q68: Input productivity refers to the amount of
Q69: If the individual labor supply curves for
Q71: Assume that automobiles are a normal good.
Q72: Pure rent is the return to any
Q73: The number of seats available in an
Q74: Ernie's Sushi-On-A-Stick is a perfectly competitive firm
Q75: If product demand increases and product price