A Determinant of the Demand for a Factor of Production

question 129

Multiple Choice

A determinant of the demand for a factor of production is the:

• A) price of the factor.
• B) price of a substitute factor.
• C) marginal cost of the factor.
• D) quantity of the factor supplied.

---

Definitions:

Venture Capital Company

A firm that invests in startups and small businesses with high growth potential in exchange for equity stakes.

Joint Venture

Partnership between companies formed for a specific undertaking.

Microloan Company

A microloan company specializes in providing small, short-term loans to individuals, often entrepreneurs or small businesses, who lack access to traditional banking services.

Business Plan

A detailed document outlining the goals, strategies, target market, and financial projections for a business's growth and operation.