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 519 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
Excellent

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Wood first appeared in plants called progymnosperms. Wood first appeared in plants called progymnosperms.
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The original Supply and Demand graph The original Supply and Demand graph
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library