Derived demand is the demand a firm has for 0 A, the factors of production that

Question

Derived demand is the demand a firm has for 0 A, the factors of production that enable it to produce output that is sold in product markets. O B. one factor of productión because the price of another factor of production has changed O C. advertising to increase the sales of its products. 0 D. lower taxes and fewer regulations. Suppose the demand for economics courses at your school increases, all else constant. In this case, the school's administrators will seek to hire | economics instructors. more fewer

Explanation / Answer

1. The answer is option A because derived demand is the demand for the factor of production which depends on the given output of level. It is obtained through profit maximizing exercise or cost minimizing.

2. more (because economic instructors here refers to the inputs whose demand depends directly on the number of admissions to the course.)

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