Which of the following is the best example of an intermediate good? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a new fighter jet purchased by the federal a government aprons purchased by restaurant chefs a used saw purchased by a carpenter d tires purchased by an automobile manufacturer for installation on new cars

Q: he graph depicts the average total cost (ATC) of a firm that mas decided to start advertising. The…

A: ***Since the new value of the ATC have not been provided, hence, the expert is required to solve…

Q: How would the equilibrium quantity and price of smartphones be altered if the prices of their…

A: Equilibrium refers to a scenario in the market at which the demand is equal to the supply. It is the…

Q: Which of the following goods is likely to provide both the largest total utility and the smallest…

A: Total utility refers to the total amount of satisfaction derived from consuming a good. Marginal…

Q: How many plates of claims will Bob consume in total?

A: The consumption done by the individual provides the marginal benefit to the consumer and the…

Q: A Fun-Size bag of M&M's contains 4 green, 3 red, 2 yellow, 3 orange, 4 blue, and 2 brown candies.…

A: Introduction: Probability is the state of being able to do something. It's a field of mathematics…

Q: Question 7 Cindy is planning to sell her house. She is considering making two upgrades for the house…

A: Marginal Cost: It refers to the additional cost incurred when one more unit of a good is…

Q: Imagine there is an outbreak of 'mad sheep' disease, which wipes out a considerable portion of the…

A: a) Two factors occur when the price of haggis rises that will influence how many (units) of haggis…

Q: Complementary goods are goods that are closely related. Choose the example below that best describes…

A: The objective of the question is to identify the best example of complementary goods among the given…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: How do people make the decision to purchase Qatar airways tickets? You could talk either about…

A: When people want to or have to travel then they find out how many choices (Road Train or Air) are…

Q: The graph shows the benefits and costs of consuming BK Breakfast Burgers. Marginal benefit, marginal…

A: Marginal benefit is the extra gain earned by the consumer when they purchase a good or product. The…

Q: For each of the following scenarios, begin by assuming that all demand factors are set to their…

A: Demand FactorValueAverage American household income$40,000 per yearRoundtrip airfare from New…

Q: Which of the following statements is most true? You will purchase 2 slices of pizza because the…

A: Maximum satisfaction is attained at a point where marginal benefit equals marginal cost. In the…

Q: Let's assume you live 80 miles from the beach and it takes you two hours to drive there from home.…

A: Opportunity cost is the value of the next best alternative foregone when a decision is made,…

Q: Price $15,000 $84 $64 $44 $0 Quantity (1000s cubic feet) 500 1000 1200 1800

A: Price floor refers to the minimum legal price that should be charged for a good. A binding price…

Q: Do you think that it is better to be efficient or to have a choice about prices, color, size, etc.?…

A: Almost certainly the pure competitive industries are effective as in pure competitions the useful…

Q: Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: There are only a few restaurants near a tourist attraction. These restaurants would mail discount…

A: Discount coupons helps to increase revenue of the businesses.

Q: When you make a choice, whatever you give up as a consequence is called a/an a) priduction cost b)…

A: Resources are scarce and wants are limited. Thus there always exists tradeoff of resources.

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand basically refers to the quantity of goods or services that a consumer is willing and able to…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: "Company A is willing to produce more generators if the price of a unit is $10,000 than if the price…

A: Supply is known as the quantity of the good which the producers are willing to produce and offer for…

Q: (a) Find the linear equation that gives the price as a function of the quantity demanded. (b) Find…

A: The amount of a specific commodity or service that customers are willing to pay to buy at a specific…

Q: PRICE (Yen per gram) 100 90 80 70 60 50 40 30 20 10 + 0 Demand 0 20 40 60 80 100 120 140 160 180 200…

A: Demand is a concept that refers to the consumer's ability to consume a product or services at the…

Q: Refer to the graph below: Quantity of Y 160 A B 11 200 X Quantity of X Why doesn't the consumer…

A: Consumer theory is important in economics because it examines how customers maximize satisfaction…

Q: The table below sets out the demand and supply schedules for grouper fingers. Price Quantity…

A: quantity demanded has an inverse relationship with the price level.

Q: The federal government wants to improve the fortunes of domestic car manufacturers and is…

A: Answer a. Rebates have been shown to be effective in selling products, increasing visibility, and…

Q: Supply and Demand: Suppose that the demand curve for asparagus is P = 15 − 2 × Q and the supply…

A: A  demand curve is a curve that shows the relationship between the price of a good and the services…

Q: Your best friend has just purchased a new Sport Utility Vehicle (SUV).  “These things are great.” he…

A: An externality is an unintended impact of an economic transaction on a third party who is not…

Q: Graph Input Tool Market for Big winner's Hotel Rooms 500 480 Price (Delars per room) 350 400…

A: as we know that income increases so demand for normal goods also increases because income increases…

Q: What is the difference between an Internal Customer and an External Customer? Why are both equally…

A: External Customers are those customers to whom the business is having business dealing for selling…

Q: 1) The cost of satellite internet drops. How will this impact the supply and demand for cable…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: It is a beautiful afternoon, and Jose is considering taking a leisurely two-hour stroll through the…

A: Opportunity cost refers to the best given up values among the alternate in the process of gaining…