Question

Write Two input demands

Answer 1

Explanation:

In economics, a conditional factor demand is the cost-minimizing level of an input (factor of production) such as labor or capital, required to produce a given level of output, for given unit input costs (wage rate and cost of capital) of the input factors.

Answer 2

Answer:

Each firm's input demand curve is based on a constant product price. On the basis of the given product price, each firm demands more of an input when it is cheaper, in the hope of selling more at the going product price.

Explanation:

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