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

Author Question: What are substitutes in production? What will be an ideal ... (Read 69 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
What are substitutes in production?
 
  What will be an ideal response?

Question 2

Neuroeconomics is
 
  A) the study of the activity of a human brain when the person makes economic decision.
  B) the study of how people behave when they face scarcity.
  C) the study of situations in which people act economically irrationally.
  D) the study of how people make decisions at the margin.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

Goods are substitutes in production when one good can be produced in place of the other, that is, when the goods are produced using the same resources.

Answer to Question 2

A


stevenposner

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jun 29, 2018
Thank you


Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The rapid speed of cAMP production The rapid speed of cAMP production
Production efficiency. Production efficiency.
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Video: Phlebotomy

For a complete list of videos, visit our video library