This topic contains a solution. Click here to go to the answer

Author Question: Input demand is called derived demand because a. demand for an input is derived from demand for the ... (Read 320 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
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
Answer to Question 1

A

Answer to Question 2

a




mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 1, 2018
Wow, this really help


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

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?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

For a complete list of videos, visit our video library