This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for a good or service is called a derived demand because it is derived from the demand ... (Read 144 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
The demand for a good or service is called a derived demand because it is derived from the demand for the factors of production that produce this good or service.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows the costs and demand curves for the Bigshow Cable Company. If the firm is required to set its price according to an average cost pricing rule, the price is ________ and the quantity produced is ________ million.
 
  A) 8; 1
  B) 6; 1
  C) 6; 2
  D) 4; 3


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan). Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Rubella rash in a young child. Rubella is also called 3-day measles or German measles. Rubella rash in a young child. Rubella is also called 3-day measles or German measles.
Peanut butter is good source of protein Peanut butter is good source of protein
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Bone Healing Animation

For a complete list of videos, visit our video library