Solved

When an Input Represents a Larger Proportion of a Firm's

Question 340

Multiple Choice

When an input represents a larger proportion of a firm's total costs, then


A) demand for the input will tends to be less elastic.
B) the input demand will not vary significantly with a change in input price.
C) the usage of the input cannot be varied in the production function.
D) demand for the input will tends to be more elastic.

Correct Answer:

verifed

Verified

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

Related Questions