If a producer can use resources to produce either good A or good B, then A and B areA) substitutes in consumption. B) complements in consumption. C) complements in production. D) substitutes in production.
If a producer can use resources to produce either good A or good B, then A and B areA) substitutes in consumption. B) complements in consumption. C) complements in production. D) substitutes in production.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 5SQ
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If a producer can use resources to produce either good A or good B, then A and B are
A) substitutes in consumption.
B) complements in consumption.
C) complements in production.
D) substitutes in production.
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