What is derived demand, Microeconomics

Assignment Help:

The demand for every productive resources is a derived demand.  By derived demand it is meant that it is the output of the resource and not the resource itself for which is a demand by its employer.  In other words, the demand for any factor of production is the list of the value of its marginal productivity.  

 


Related Discussions:- What is derived demand

Homework, the difference between an lc3 and other types of businesses is th...

the difference between an lc3 and other types of businesses is that

Isoquant, definition of abnormal isoquant and normal isoquant

definition of abnormal isoquant and normal isoquant

What is monetarism, Q. What is Monetarism? Monetarism:Monetarism was a ...

Q. What is Monetarism? Monetarism:Monetarism was a right-wing economic theory (associated with work of Milton Friedman, in particular) which believed that inflation could be co

Schrodinger wave equation, The Schrodinger wave equation generalizes the fi...

The Schrodinger wave equation generalizes the fitting-in-of-waves procedure. The waves that "fit" into the region to which the particle is contained can be recognized "by inspect

OLIGOPLOLY MODELS, GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

Easy, what are the factors influencing supply

what are the factors influencing supply

Consumer''s equilibrium, using necessary and sufficient conditions explain ...

using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically

Price mechanism, discuss the term of price mechanism,give examples to elabo...

discuss the term of price mechanism,give examples to elaborate the concept clearly

Short run equilibrium - perfect competition, Short run equilibrium - Perfec...

Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd