Intrinsic Factor Is Necessary for the Absorption of _________________________

question 32

Short Answer

Intrinsic factor is necessary for the absorption of _________________________

---

Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding other factors constant.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Input Decrease

A reduction in the amount, quality, or efficiency of any raw material, capital, or labor used in the production process.

Derived Demand

Demand for a factor of production or good that results from the demand for another related good or service.