A Change in Demand for a Given Factor of Production

question 139

Multiple Choice

A change in demand for a given factor of production will not occur if:

• A) the price of that factor falls.
• B) the productivity of that factor increases.
• C) the productivity of that factor decreases.
• D) there is a decrease in the price of a substitute factor.

Compute basic earning power (BEP) and comprehend its significance.

Evaluate corporate financing decisions using debt ratio targets.

Understand the impact of financial leverage on company performance and risk.

Calculate and interpret various financial performance metrics, such as dividends per share, market/book ratio, P/E ratio, TIE ratio, DSO, and inventory turnover.

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Definitions:

National Zoological Park

A government-operated zoo located in Washington D.C., focused on wildlife conservation, education and providing a home for animals from around the world.

Polar Bear

The polar bear is a large bear species native to the Arctic region, characterized by its white fur, which is used as camouflage in its snow and ice-covered habitat, and primarily feeds on seals.

Negative Reinforcer

An unpleasant or aversive stimulus whose removal or avoidance increases the likelihood of a behavior being repeated.

Electric Shock

A sudden discharge of electricity through a part of the body, often used as a form of aversive conditioning in psychological experiments.