The Demand for an Input Is

question 162

Multiple Choice

The demand for an input is:

• A) sloping upward.
• B) the VMP of the input.
• C) determined by MP_L = W.
• D) derived from input owner's profit-maximizing condition.

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Definitions:

Behavior Change

The modification or transformation of human behavior, typically in a positive or desired direction.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain behaviors with certain consequences.

Habitual

Regularly done; based on habit.

Less Anxious

Experiencing reduced feelings of anxiety, stress, or nervousness.