It is true of the demand side of the market for input pricing that
A. the same marginal productivity principle serves as the foundation for the demand schedule for each type of input.
B. the demand schedule for one input cannot be determined independently of demand schedules for other inputs.
C. the demand curve is the complete MRP curve.
D. any inward shift in demand for a commodity will result in outward shifts in the demand curves for the inputs used to produce the commodity.
Answer: A
You might also like to view...
When the marginal product of labor diminishes,
a. average fixed cost rises. b. average variable cost is constant. c. marginal cost rises. d. average total cost must rise. e. total cost rises at a diminishing rate.
Exhibit 15-6 Aggregate demand and supply model
?
In Exhibit 15-6, if the aggregate demand curve is at AD2, the government should:
A. raise taxes to move to AD1. B. not change its policy. C. cut taxes to move to AD3. D. cut spending to move to AD3.
The Clayton Act of 1914:
A. outlawed price discrimination, tying contracts, acquisition of stocks of competing corporations, and interlocking directorates that lessen competition. B. prohibited unfair or deceptive acts or practices in commerce that tend to reduce competition. C. outlawed vertical and conglomerate mergers. D. prohibited one firm from acquiring the assets of another when the effect was to limit competition.
Social Security taxes are
A) progressive because all workers pay the tax. B) regressive because higher income workers pay taxes on a smaller percentage of their income. C) proportional because everyone is charged the same percentage tax rate. D) regressive because higher income workers don't pay the tax.