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Economics Model Answers Ten - 2013 (view source)

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:"Derived demand" means that the demand for inputs to a firm, such as the factors of production, is dependent or "derived" from the demand for final finished goods or services that the firm is selling to the public.
 
:"Derived demand" means that the demand for inputs to a firm, such as the factors of production, is dependent or "derived" from the demand for final finished goods or services that the firm is selling to the public.
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:"A derived demand is when a business owner makes a decision on how much it will cost to run his business and how much demand is for his goods so he can decide how many workers to hire." (by student TH)
    
3.  What is your favorite question on one of the quizzes that ''you answered incorrectly'', and why is it your favorite?
 
3.  What is your favorite question on one of the quizzes that ''you answered incorrectly'', and why is it your favorite?
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