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You get an e-mail from your grandmother saying that she had heard someone in her book group say that he had used a search engine to find videos on a video sharing site. She didn't want to admit that she did not know more about this option, and is now asking you. You sent her a quick reply explaining what is possible.
Derived Demand
The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.
Labor
Human effort used in the production of goods and services.
Marginal Product
Refers to the additional output resulting from using one more unit of a production input, holding all other inputs constant.
Capital Input
The amount of capital goods used in the production process, influencing the output.
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