Explain how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
Your answer to each written response question should contain a minimum 200-300 word response.
Make certain that all of your sources (including your textbook) are referenced at the end of the written response and that directly quoted information within your written response is cited to show the difference between your ideas and the exact words of your sources.
General encyclopedias are prohibited sources. They are NOT to be used.
Examples of prohibited sources include, but are not limited to, Wikipedia, Encarta, and World Book.
It is required that these references and citations be put in APA Style because you will be using this style in other papers, projects, case studies, and article reviews.
McEachern, W. A., (2010) ECON Micro 2, (2010-2011 ed.). Mason, Ohio: Cengage Learning.
In accordance with BrainMass rules this is not an essay but only background help.
The marginal product for a resource is the change in output when one more units of the resource is added. For example, if an additional unit of labor is added, the marginal product is the change in output that occurs when an additional unit of labor is added. The marginal product for a resource can change ...
Change in demand for a resource is discussed step-by-step in this solution. The response also has the sources used.