Which of the following is an intermediate good? Question 14 options: A) the purchase of alcohol for a frat party B) the purchase of a used car by Claudia C) the purchase of sugar by a bakery D) the purchase of a hair cut at a salon
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Bakery requires sugar as intermediary good to make cookies.
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- Which of the following is an intermediate product? Question 57 options: the purchase of a pizza by a hungry student the purchase of a family TV the purchase of roller blades by a teacher the purchase of gasoline for a holiday to Florida the purchase of pencils by a politician who is writing her memoirsPlease help with #4, #6, and #8. Preamble for Questions 1-8. Consider a fish/fishing rod economy, with Crusoe and Friday the entire population. The local currency is the dollar, and the prices of a fish and a fishing rod are $3 and $45 respectively. Over the year Friday spends all his time making fishing rods for himself, Crusoe all his time fishing (by tickling them). Over the year Friday successfully completes 30 fishing rods (which Friday keeps) and Crusoe catches 600 fish. Each man eats 10 fish per month; Friday borrows his 120 fish from Crusoe over the year, and will repay Crusoe with 138 fish next year. They form a government to which each contributes $x in taxes, where x is some number; the government buys 80 fish from Crusoe to feed to the governmental wolfhound, Gelert. Any fish that Crusoe catches that he does not eat, lend to Friday or sell to the government, he sells to a neighbouring island (i.e. abroad). 4. What are national savings S = Sp + Sg ? [Your answer should just…Please help. The options for the following questions are: Agree Disagree Increase Decrease Remain unchanged
- Economics is a study of the usage of resources and how we can make those resources valuable under distinct captivity. It involves an intense study of production, distribution, and consumption of goods and services. Economics is not just about money; it is also about making correct choices, balancing them with the money, and improving an individual’s overall well-being. Some important MCQs on economics are given to analyse your understanding of the topic. Economics MCQsQ1. What do you mean by the supply of goods? a) Stock available for sale b) Total stock in the warehouse c) The actual production of the goods d) Quantity of the goods offered for sale at a particular price per unit of time Answer:- d Q2. What do you mean by ‘under conditions of a perfect competition in the product market’? a) MRP = VMP b) MRP > VMP c) VMP > MRP d) None of the above Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely.…Due to several supply-chain issues the price of computer chips has risen in recent months (this part is true and there is no need to prove it to be so). The result of this change would be to increase the price of automobiles that require many computer chips in their manufacture.Explain why above statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate.Households make expenditure payments in exchange for Multiple Choice resources purchased in the product market. goods and services purchased in the product market. resources purchased in the resource market. goods and services purchased in the resource market.
- Question 32 Referring to the panels, which of the four panels represents the market for bikini bathing suits as a result of the invention of a new technology that allows for faster sewing of such bathing suits? Group of answer choices Panel (d) Panel (c) Panel (a) Panel (b)Use demand and supply curve to analyse what is happening in each of the followingsituations.i. The price of coffee has risen because of a frost in Brazil reducing the coffee crop.ii. Further falls in chip prices have led to a reduction in the price of laptopcomputers.iii. A disease in Brazil beef has necessitated the slaughter of large numbers of cattle.Question 16 Which of the following goods are likely to be considered complements? a) Peanut butter and jelly b) Coke and Pepsi c) Gasoline and diesel fuel d) Sprite and 7-Up
- The impact of an increase in the price of computer chips on the market for personal computers. a. Micro, examining one individual b. Micro, examining one specific firm c. Micro, examining one sector of economyQ30 The theory of consumer choice underlies the concept of the supply of a particular good. can be applied to many questions about household decisions, but it cannot be applied to questions concerning wages and labor supply. underlies the concept of the demand for a particular good. ignores, for the sake of simplicity, the trade-offs that consumers face.Question 25 When the expected future price of a good rises, a) consumers decrease their willingness to buy, or "draw down." b)consumers increase their willingness to buy, or "stock up." c) sellers increase their willingness to sell. d) sellers' willingness to sell remains unchanged.