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

Author Question: Input demand is called derived demand because a. demand for an input is derived from demand for the ... (Read 300 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 1, 2018
Input demand is called derived demand because
 a. demand for an input is derived from demand for the product or service it produces.
  b. demand for an input is derived from its availability in the input market.
  c. demand for the output produced is also derived from consumer demand.
  d. input demand actually determines how much output is produced.

Question 2

The lump sum principle suggests that the tax that reduces utility the least is
 a. a tax on income
  b. a tax on a good with many substitutes
  c. an equal tax per-unit on all goods
  d. a tax on a good with only a few substitutes


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
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.
Radiative forcing expresses change in energy input over time Radiative forcing expresses change in energy input over time
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin
Video: DNA close up Animation

For a complete list of videos, visit our video library