Households sell theirin themarket. They then use their income to buyin themarket.O A. factors of production; goods; goods; factorO B. goods; factor; factors of production; goodsO C. goods; goods; factors of production; factorO D. factors of production; factor; goods; goods

household is seller of factor services in market like labor , land etc so here we can choose the…

Answered: Households sell their in the market.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a. the law of diminishing marginal utility b. the law of increasing total utility. c. the substitution effect d. the income effect 17. The costs associated with variable factors of production are associated with factors of production are costs. a. variable; fixed; fixed b. fixed; fixed; variable c. variable; fixed; variable d. fixed; fixed; fixed. Exhibit: Consumer Equilibrium 3 Quantity of A per period Quantity of B per period costs and the costs 18. (Exhibit: Consumer Equilibrium 3) The highest level of utility shown in the exhibit is associated with: a. indifference curve X. b. indifference curve Y. c. indifference curve Z. d. either indifference curve Y or Z. 19. Assume that the total utilities corresponding to the first five units of a product consumed are 14, 20, 25, 29, and 32, respectively. The marginal utility of the third unit is: a. 5. b. 6. c. 20. d. 25. 20. A factor of production whose quantity cannot be changed during a particular period is a:
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Which of the following is not a potential cause of an increase in the price of housing? Select one: O a. The price of land increases O b. An increase in consumer income O c. Cheaper methods of prefabricating homes are developed O d. An increase in population Oe. Construction workers' wage increase with no offsetting increase in productivity
Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $300,000. ATVS cost $6,000 each and snowmobiles cost $15,000 each. a. Draw the budget line for your purchase of new vehicles. Use the line drawing tool to draw a budget line. Properly label this line. Place end points one on horizontal and one on vertical axes. Carefully follow the instructions above, and only draw the required objects.
Need answers ASAP... The amount of income from an enterprise that obtained through the sale of finished products depends on a. kind of products b. all of these c. the quantity which can be sold d. selling price
14
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1 2 3 answer only
The amount/limit of income a consumer has to spend on goods and services is known as O a budget constraint. wealth. O purchasing power. effective demand.

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Households sell their in the market. They then use their income to buy in the market. O A. factors of production; goods; goods; factor B. goods; factor; factors of production; goods