If There Is a Change in Supply of One Factor

question 62

Multiple Choice

If there is a change in supply of one factor of production,how will this affect the marginal productivities and prices of other factors

• A)It will not change either the marginal productivities or the prices of other factors.
• B)It will not change the prices of other factors, but it may change their marginal productivities.
• C)It will not change the marginal productivities of other factors, but it may change their prices.
• D)It changes both the marginal productivities and the prices of other factors.

---

Definitions:

Minority-Owned Organization

A business enterprise that is at least 51% owned, operated, and controlled by individuals from a recognized minority group.

Senior Citizens

Individuals who have reached a certain age, often considered to be the retirement age, and are usually entitled to various benefits.

Occupational

Relating to a job or profession, especially in terms of the skills, knowledge, and activities associated with it.

Cohort Subcultures

Groups within an organization or society that share common values or characteristics, typically based on age or generation.