The Demand for a Factor of Production Is Derived from the Demand

question 157

True/False

The demand for a factor of production is derived from the demand for the output that it produces.

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Definitions:

Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Sterilizing (Autoclave)

A process using an autoclave to apply high-pressure steam at high temperatures to sterilize equipment, effectively killing all microorganisms.

Fahrenheit

A temperature measurement system where water's freezing point is at 32 degrees and its boiling point is at 212 degrees, given standard atmospheric conditions.

Celsius

A scale and unit of measurement for temperature where 0 degrees is the freezing point and 100 degrees is the boiling point of water under standard atmospheric conditions.