Prep
Bee
Pakistan
Free MCQ Practice Platform for Govt Job Exams
Home
MCQs
Quiz
Past Papers
FIA Prep
Contact
Quiz Mode
Login
Register
Preparing your study page...
Home
MCQs
Economics
MEDIUM
ENGLISH
Economics
An individual firm’s demand for a factor of production ?
A
Slopes downward because an increase in the production of output reduces the price at which the output can be sold in a competitive market, thereby reducing the value of the marginal producing the value of the marginal product as more of the factor is use
Option A
Slopes downward due to the factor’s diminishing marginal product
Correct answer
C
slopes upward due to the factor’s increasing marginal product
Option C
D
is perfectly elastic (horizontal) if the factor market is perfectly competitive
Option D
Correct answer: B
Explanation
No explanation provided for this MCQ yet.
Hide Answer
Hide Explanation
Start Related Quiz
Submit Correction
More MCQs