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.

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Definitions:

Principles Of Learning

Fundamental guidelines or rules that explain how individuals acquire skills, knowledge, habits, attitudes, or behaviors through study, experience, or teaching.

Orientation Behavior

The ability of an organism to recognize its position in its environment through cues and to adjust its behaviors accordingly.

Systematic Application

The organized, methodical implementation of procedures, practices, or policies in order to achieve specific objectives.

Aversive Conditioning

A method of behavioral training that uses negative stimuli to reduce or eliminate undesired behaviors.