Answer:
c
Explanation:
a. Related goods can be complementray goods or substituted goods. In case of complementary goods, price of related good is inversely related to quantity demanded. In case of substituted goods, price of related good is directly related to quantity demanded.
b. It can be greater than 1.
c. It is always negative as relationship between price and quantity demanded is inverse.
d. It doesn't violate the law of demand
Answer:
b. why, when, and how goods and services should goods be produced?
Explanation:
The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?
These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
You can get 1 free credit report once every 12 months per your request if you are with a company that the Fair Credit Reporting Act (FCRA) required, such as Equifax, Experian, and TransUnion. however with other companies; i'm not 100% sure... but i believe it might be the same thing for all companies. (it's all ive got in notes ^^||)
hope this helps
