Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.
<span>Which factor helps explain the scientific and literary achievements of the Muslims during their golden age (AD 800-1300)?</span>
Answer:
D: Willing to be in credit
Explanation:
The 25th amendment requires the president to appoint an successor to the vice presidency.
If she wrote that Ming makes a monetary contribution to an artisan group that produces natural dye in Guatemala two areas would be affected Factors for production and the rest of the world via foreign interactions. Thus the correct answer is B.
<h3>
What are the factors of production?</h3>
The resources that make up the economy's structure and that people utilize to produce commodities and services are known as the factors of production.
Land, labor, capital, and small business development are the four divisions that economists use to classify the components of production.
Businesses can enhance production and produce things of greater quality and at lower costs, if they can boost the productivity of the factors of production.
Therefore, option B factors for production and the rest of the world via foreign interactions.
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