Input demand is called derived demand because
a. demand for an input is derived from demand for the product or service it produces.
b. demand for an input is derived from its availability in the input market.
c. demand for the output produced is also derived from consumer demand.
d. input demand actually determines how much output is produced.
A
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For a perfectly competitive corn grower in Nebraska, the marginal revenue curve is
A) downward sloping. B) the same as its demand curve. C) upward sloping. D) U-shaped. E) vertical at the profit maximizing quantity of production.
Use the following statements to answer this question: I. The effective yield is generally easier to compute for a perpetuity than for a 10-year bond. II
Two perpetuities that have the same annual payment must have the same price, even if the issuers of the bonds are different companies. A) I and II are true. B) I is true and II is false. C) II is true and I is false. D) I and II is false.