The Basic Principle That Explains the Demand for a Factor

question 74

Multiple Choice

The basic principle that explains the demand for a factor of production is the

• A)principle of marginal productivity.
• B)Hotelling principle.
• C)principle of opportunity cost.
• D)Ramsey pricing principle.

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Western Hemisphere

The half of the Earth that includes North and South America.

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A condition in society where privileges, opportunities, and wealth are distributed unequally among individuals or groups based on characteristics such as race, gender, or socioeconomic status.