A decrease in the demand or fish ?

Related Mcqs:

The most important factors of production are ?

A. labor, land, and capital B. water, earth and knowledge C. money, stocks and bonds. D. management finance and marketing...

The value of the marginal product of labor is ?

A. the price of the output times wage of labor B. the price of the output times the marginal product of labor C. none of these answers D. the wage of labor times the quantity of labor E. the wage of labor times the marginal product of labor...

A decrease in the supply of farm tractors will cause all but which of the following ?

A. an increase in the rental rate for tractor B. a decrease in the rental rate of farmland C. a decrease in the value of the marginal product of tractors D. an increase in the wage of farm workers...

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 B. Slopes downward due to the factor’s diminishing marginal … An individual firm’s demand for a factor of production ?Read More...

A competitive profit-maximizing firm should hire workers up to the point where ?

A. the wage, the rental price of capital and the rental price of land are all equal B. the marginal product of labor equals zero and the production function is maximized C. the value of the marginal product of labor equals the wage D. the marginal product of labor equals the wage...