The Demand for a Factor of Production Is a Derived

question 99

Multiple Choice

The demand for a factor of production is a derived demand.Derived demand means that:

• A)a firm's demand for a factor of production is derived from its supply decision
• B)the firm's demand can be mathematically derived
• C)both the demand for and supply of factors of production is derived from an external market
• D)the demand curve for a good is derived from the factors of production used to produce that good

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Definitions:

Needle Bearings

A type of roller bearing with long, thin cylindrical rollers resembling needles, used in applications with limited space and high load capacity.

Journal Bearings

Journal bearings are a type of plain bearing that support radial loads by enclosing the shaft along its length, offering a smooth, lubricated surface for the shaft to rotate within.

Sleeve Bearings

Bearings consisting of a cylindrically shaped liner that allows for relative motion by sliding, used in various machinery for rotational or sliding movements.

Porous Materials

Materials characterized by the presence of pores or voids, making them permeable to liquids or gases.