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 272 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
Wow, this really help

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Proline and arginine are derived from glutamate Proline and arginine are derived from glutamate
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library