A Perfectly Competitive Firm's Downward Sloping Demand for an Input

question 41

Multiple Choice

A perfectly competitive firm's downward sloping demand for an input is determined by the:

• A)price of output and the average product of the input.
• B)demand for output.
• C)price of output and the marginal product of the input.
• D)price of output and the price of the input.

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Definitions:

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