For a Factor Price Taker, the Marginal Factor Cost Curve

question 105

Multiple Choice

For a factor price taker, the marginal factor cost curve

• A)and the factor supply curve both slope upward, but are not identical.
• B)and the factor supply curve are identical and horizontal.
• C)is horizontal, but the factor supply curve slopes upward.
• D)slopes upward, but the factor supply curve is horizontal.
• E)and the factor supply curve are identical and slope upward.

---

Definitions:

Frederick Taylor

An American mechanical engineer and management consultant who is considered the father of scientific management, focusing on improving industrial efficiency.

Working Conditions

The surroundings or environment in which an individual performs their job, including aspects like safety, hours, and physical demands.

Electric-Powered Streetcars

Urban public transportation vehicles that run on electricity, significant in the development of efficient mass transit systems in the 19th and early 20th centuries.

Subways

Underground urban rail transit systems designed to alleviate surface traffic congestion and provide efficient public transportation in densely populated cities.