Goods that are produced by one firm for use in further processing by another firm is Select one: a. Natural Goods O b. Intermediate Goods c. Disposable Goods O d. All of the Given

Q: The price of a DVD rental is $1.50 and the price of a downloaded movie is $1.00. If the price of a…

A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…

Q: An increase in the price of an input will result in for the product. ) decreased demand O increased…

A: According to the law of demand, when there is an increase in the price of a good or service, there…

Q: 8. The supply of a good refers to A. O Stock available for sale B. O Total stock in the warehouse C.…

A: Supply is represented on the supply schedule which shows various quantities of a commodity that…

Q: Computers and software are complements in consumption. An increase in the price of software and…

A: Complementary commodities are those commodities which are used together. When the price of one good…

Q: Which one of the following statements is false? OA. A house and furniture are complements. O B.…

A: Let's assume there are two goods, i.e., good X and good Y Good X and good Y are complements when…

Q: Based on research into marginal rates of substitution, which of the following is true regarding…

A: Answer-

Q: An increase in the price of Wood will shift the supply of furniture to the left or inwards. Select…

A: Supply is the amount of a commodity that its producers are willing and capable to offer to the…

Q: Which of the following must remnain the same while defining the Law of Supply? a. Price of other…

A: Law of supply states that price of a good directly varies with its quantity supplied, ceteris…

Q: In the markets for factors of production Select one: O a. households provide firms with profit. O b.…

A: Market for factor of production indicates the transaction of money and production factor such as…

Q: The equilibrium price of a pair of socks is $3. A study comes out that says wearing socks causes you…

A: Equilibrium in the goods market is reached where quantity demanded equals quantity supplied, that is…

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A: Law of Demand states that there exists inverse relationship between price and quantity demanded of…

Q: Marginal rate of transformation is negative because of O A) Law of diminishing marginal utility O B)…

A: Marginal rate of transformation(MRT) is the units of a good sacrificed in order to achieve one unit…

Q: The benefit that John gets from eating an additional grape is called the the grape. 中 A. demand for…

A: Total utility refers to total satisfaction derived from consuming a good. Demand curve shows an…

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A: In a market, any change in the price of input resources will have significant impact on its market…

Q: If electronic car can be bought with bitcoin, the demand curve for electronic car would most likely…

A: Demand schedules and curves are tools that are being used for summarizing the relationship between…

Q: 00t 08 ot Shelter 06 09 OS 50 45 Q, =5 40 or 35 15 Q, =10 30 25 25 Q, =15 20 Q, = 30 15 SE Q, = 20…

A: Production efficiency is the condition in the economy where slope of isoquant of goods are equal to…

Q: Which of the following is true of resource markets? O a. Factors of production are bought and sold…

A: The market is a location where the transaction of services and commodities takes place.

Q: In the market for coffee, consumers expect the price of coffee beans to rise next week. This would…

A: According to the law of demand, the quantity demand is dependent on the price, keeping other things…

Q: Note: Line segments will automatically connect the points. Remember to plot from left to right. ?…

A: The market supply is the sum of all the individual quantities supplied at each price level.

Q: Amount of input used in the production process affects the Total Utility. O True O False

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: You publish a magazine for calculator collectors. To produce and distribute this magazine, you use a…

A: When the price of labor falls then the cost of production falls. This implies firm can increase…

Q: Samuel owns a laundromat business in Queens, New York. He recently purchased 2 new washing machines…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What attracts new sellers into a market? O Fewer sellers in the market than a year previously. O…

A: Before entering the market, firms make market research ahout producers and consumers behavior to get…

Q: In 2002, a meeting is hold in a state-owned farm with one million mu of arable land—B farm after the…

A: Given,  A meeting held in a state owned farm with One Million Mu of arable land after harvest

Q: Consumers learn that drinking wine helps prevent heart attacks. This will cause the Select one: Oa.…

A: The concept that depicts the relation between quantity sellers are willing to sell and the quantity…

Q: nside à workers and computers. Explain wh neans if skilled workers and computers are complements in…

A: Skilled workers and Computers are two inputs and Complement each other to production. Two inputs are…

Q: Which of the following is NOT a determinant of consumer demand? O income O tastes and preferences O…

A:

Q: Which of the following is an example of an intermediate good? Lütfen birini seçin: O A. salt bought…

A: Intermediate goods is a good that is used in the process of producing a final product.

Q: An economy is producing two goods, chocolate and cookies, and is currently operating effici…

A: We can see the following question.

Q: Computer chips are used to produce computer hardware. Computer hardware and software are complements…

A: Complementary goods are such goods that adds value to each other.

Q: Suppose that coconuts and bananas are complements in consumption. Suppose further that the price of…

A: here we find the answer of the given question as follow;

Q: Tools MC Productive eff Profit maximiz ATC Allocative effi Demand MR Quantity b. In which of these…

A: Profit maximization is where Marginal revenue equals marginal cost. Product efficiency occurs at…

Q: As prices rise, why will producers increase production of a product? O They are required to by law.…

A: As prices of the product increase, the suppliers will increase the production of the product in…

Q: What effect would an increase in the cost of materials used to produce cars have on the supply of…

A: The supply of a good shows the relationship between price and quantity supplied. It shows that price…

Q: In 2002, a meeting is hold in a state-owned farm with one million mu of arable land—B farm after the…

A: Managerial economics is a branch of economics concerned with the use of economic methods in…

Q: Which of the following is not affecting the quantity demanded? O a. Price of the quantity supplied O…

A: The markets are the place where the buyers, and sellers of various goods, and services tend to meet…

Q: a. For each of the following situations relating to the supply of pizza: Identify the factor…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: d) Assume instead there is an increase in the price of tin, a major input in producing gadgets.…

A: The input price would make a direct impact on the supply of a good. An increase in input price will…

Q: In a market basket of goods: Select one: the quantities stay constant and the prices may change. O…

A: The market basket of goods is an economic tool that helps to analyze the change in the prices of…

Q: An increase in the number of pizza producers or a fall in price of mozzarolla cheese used to make…

A: Answer- Need to find- An increase in the number of pizza producers or a fall in price of mozzarella…

Q: Figure 4-16 tprice quaxtity Refer to Figure 4-16. The shift from S to S' in the market for peaches…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: O the price of the good itself is not a factor. O the price of the good itself is a factor. O the…

A: As per the law of demand, price has an indirect relationship with quantity demanded.

Q: Define say's law of market

A: Jean Baptiste Say was French and famous for his work "A treatise on political economy". His "law of…

Q: Homogeneous goods are O A. always inferior goods O B. perfect substitutes OC. similar but not…

A: A homogenous product is one that is indistinguishable from rival products from various providers. To…

Q: Mutton and chicken are substitute. If the price of mutton increase the demand of chicken will Select…

A: Meaning of Substitutes Goods: The term substitutes goods refer to the situation under which there…

Q: What is the size of market aslo explain the character of the commodity in our daily lives,?

A:

Q: o you think that the increase in the price of rice also increases the income of the agri-farmers?…

A: Farmers are key contributors to India's economic growth, and their concerns have an impact on the…

Q: explain the relationship between substitute goods and original goods whether its a positive or…

A: Cross elasticity in the demand  in the substitute in the positive, would make the demand for one…