Answer:
d. The cost of producing blue jeans will fall, and the supply curve for blue jeans will shift to the right
Explanation:
If the price of cotton falls, the cost of producing blue jeans would fall. As a result of the fall in the cost of production, more producers would be attracted to the industry and production would increase. Increase in supply of blue jeans would shift the supply curve to the right.
I hope my answer helps you
Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand and therefore price of that product.
Answer:
the answer of the question is true
Answer:
The answer to this question is Option A. Dave's production function change
Explanation:
production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs).
The expansion of Dave's Dogs will cause its production function to change as a result of increase in the quantity of goods produced and an increase in the factors of production employed.
Hence the answer is A. Dave's production function change
Itulah perbezaan antara tarif dan kuota.
Maaf lah bila tak saya tulis kat sini, sebab tak boleh hantar jawaban.
<em>Semoga </em><em>membantu </em><em>dan </em><em>bermanfaat </em><em>:</em><em>)</em>
