Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: fahad on May 24, 2019
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Hot Coffee Inc. hires workers and buys coffee roasting machines so it can serve fresh roasted coffee to its customers. The demand for ________ is a derived demand because ________.
◦ both workers and roasting machines; both are used to produce and sell coffee
◦ only workers; there is a limited number of people willing to work in coffee shops
◦ only roasting machines; capital equipment can be resold in other markets
◦ neither workers nor roasting machines; derived demand only applies to actual products produced for customers
◦ only workers; workers can actually negotiate their wages
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both workers and roasting machines; both are used to produce and sell coffee