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2 years ago

A demand for a product or resource because of its contribution to the final product is called

Business

1 answer:

tino4ka555 [31]2 years ago

8 0

Answer:

Derived demand

Explanation:

Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.

For example capital, land, labour, and raw materials are demanded for their role in producing a final product.

So they can be seen as goods that have derived demand.

When they demand for the final product increases the good that has derived demand also increases, and vice versa.

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The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b

guajiro [1.7K]

Answer:

True

Explanation:

The variables price and quantity are inverse correlated then a change in 1 has the exact opposite effect in the other.

6 0

3 years ago

What should every prepared hunter carry for outdoor emergencies? hunting plan fanny pack global positioning system first-aid kit

Andreyy89

I would say that thehunter should carry a first aid kit especially in case of cuts or bruises so he/she can mend themselves long enough to get help once back in civilization and get back to health,

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3 years ago

A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resu

oee [108]

Answer:

The answer is ($62,400)

Explanation:

Cash flow only deals with cash. Statement of Cash flow is one of the three Financial statements and this records ONLY the cash that is coming in and out of the business

The company coughed out $62,400 cash. This is the money that will be recorded under cash flows from financing activities and not the $59,000.

So the narration will be:

Cash for retiring bonds.......($62,400)

4 0

3 years ago

A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net in

erica [24]

<span>A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times. $17000 / $ 5000 = 3.4 times</span>

7 0

3 years ago

Consider the economies of Hermes and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that,

MAXImum [283]

1. The productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

2. The 5-unit change in capital per worker causes productivity in <u>Tralfamadore</u> to rise by <u>80%</u> than productivity in <u>Hermes</u> which rose by <u>20%</u>.

3. This illustrates the concept of the <u>catch-up effect</u>, which makes it <u>possible</u> for countries with low output to catch up to those with higher output.

<h3>What is the concept of the catch-up effect?</h3>

The economic concept of the catch-up effect states that developing countries usually develop faster than developed countries, eventually reach the same level of per capita productivity as developed economies.

<h3>Data and Calculations:</h3><h3>Hermes</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 11 30 1,800 60 (1,800/30)

2026 16 30 2,160 72 (2,160/30)

<h3>Tralfamadore</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 8 30 900 30 (900/30)

2026 13 30 1,620 54 (1,620/30)

<h3>Rise in productivity:</h3>

Hermes = 20% (72 - 60/60 x 100)

Tralfamadore = 80% (54 - 30)/30 x 100)

Thus, the productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

Learn more about the concept of catch-up effect at brainly.com/question/15061995

6 0

3 years ago