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Nadya [2.5K]
2 years ago
14

Which of the following economic concepts BEST explains why grape tomatoes cost more than the other tomatoes in this produce depa

rtment?
Business
1 answer:
melisa1 [442]2 years ago
6 0

A tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

<h3>Why will product cost more?</h3>

A product can cost more when the demand for the product is high thus increasing the price of the product.

A product can cost more if the cost of production is higher than any other products.

Therefore, tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

Learn more on demand here,

brainly.com/question/1288364

#SPJ1

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Which crop finally ensured the long-term success of the Jamestown colony?
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Tobacco ensured the long-term success of Jamestown.
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Why do countries trade?​
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Most of the time it's simply for goods another country has that they don't.

Explanation:

Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.

8 0
2 years ago
If the current price of a market basket of goods is $850, the current year GDP deflator is 170, and the base year price index is
Yuki888 [10]

Answer:

$500

Explanation:

DATA

The current price of the market basket of goods = $850

Current year GDP deflator                                      = 170

In order to find the GDP in real terms, we should amend the GDP deflates formula

<u>Formula</u>: GDP deflator = \frac{NominalGDP}{RealGDP} x 100

Lets put the values and amend the formula in order to find real GDP

170 = \frac{850}{RealGDP} x 100

Real GDP = $500

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2 years ago
What are rfid tags used for​
kykrilka [37]

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4 0
2 years ago
Which of the following is NOT a problem caused by monopolies?
ycow [4]

A problem that is not caused by monopolies is More competition.Thus the correct answer is D.

<h3>What is a monopoly?</h3>

A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.

They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.

As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.

Therefore, Option D is appropriate.

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