The value of any resource depends on the value of what it produces, so resource demand is said to be:
a. derived from the demand for the product the resource produces.
b. derived from the revenue of the product the resource produces.
c. derived from the total cost of the product the resource produces.
d. derived from the supply of the product the resource produces.
a
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The term structure of interest rates
A) represents the relationship among the interest rates on bonds that are otherwise similar but that have different maturities. B) reflects differing tax treatment received by different instruments. C) always results in an upward-sloping yield curve. D) usually results in a downward-sloping yield curve.
Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 8 percent. The future value of the $500 after 2 years is
a. $428.67. b. $470.00. c. $580.00. d. $583.20.