Question 50 If computers and software are complements, then 2.5 pts other things being equal, a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 50 If computers and software are complements, then 2.5 pts other things being equal, a fall in the price of computers will increase the demand for software and, the price of software will fall. other things being equal, a rise in the price of computers will decrease the demand for software and, the price of software will fall. other things being equal, a fall in the price of computers will decrease the demand for software and, the price of software will fall.. other things being equal, a rise in the price of software will increase the demand for computers and, the price of computers will rise. other things being equal, a fall in the price of software will decrease the demand for computers and, the price of computers will fall. Question 52 2.5 pts Labor is a resource that is necessary to produce many goods. "If the price of labor rises," says the economist, "the prices of goods will soon follow." How does this work? If the price of labor rises, the supply of goods falls, and the prices of those goods fall. If the price of labor rises, the supply of goods falls, and the prices of those goods rise. If the price of labor rises, the demand for goods rises, and the prices of those goods rise. If the price of labor rises, the supply for goods rises, and the prices of those goods fall. If the price of labor rises, the supply of goods rises, and the prices of those goods rise. Question 50 If computers and software are complements, then 2.5 pts other things being equal, a fall in the price of computers will increase the demand for software and, the price of software will fall. other things being equal, a rise in the price of computers will decrease the demand for software and, the price of software will fall. other things being equal, a fall in the price of computers will decrease the demand for software and, the price of software will fall.. other things being equal, a rise in the price of software will increase the demand for computers and, the price of computers will rise. other things being equal, a fall in the price of software will decrease the demand for computers and, the price of computers will fall. Question 52 2.5 pts Labor is a resource that is necessary to produce many goods. "If the price of labor rises," says the economist, "the prices of goods will soon follow." How does this work? If the price of labor rises, the supply of goods falls, and the prices of those goods fall. If the price of labor rises, the supply of goods falls, and the prices of those goods rise. If the price of labor rises, the demand for goods rises, and the prices of those goods rise. If the price of labor rises, the supply for goods rises, and the prices of those goods fall. If the price of labor rises, the supply of goods rises, and the prices of those goods rise.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Other things being equal a rise in pric... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
If a 5 percent fall in the price of chocolate sauce increases the quantity of chocolate sauce demanded by 10 percent and increases the quantity of ice cream demanded by 15 percent, calculate the a....
-
A rise in the price of a certain commodity from $20 to $25 reduces quantity demanded from 25,000 to 10,000 units. Calculate the price elasticity of demand.
-
If a 10 percent fall in the price of chocolate sauce increases the quantity of chocolate sauce demanded by 8 percent; and with no change in the price of ice cream, the quantity of ice cream demanded...
-
In his book Future Shock, Alvin Toffler divided humanitys time on earth into 800 lifetimes. The 800th lifetime, in which we now live, has produced more knowledge than the previous 799 combined, and...
-
What is iterative incremental development? Why is it useful for developing new products?
-
Let p be an odd prime. A number a ? Z * p is a?quadratic residue?if the equation?x 2 =?a (mod?p)?has a solution for the unknown?x. a.?Show that there are exactly?(p???1)/2?quadratic residues,...
-
Liberty's stock has traded recently around \(\$ 44\) per share. Use your answer to question 9 to measure the company's price/earnings ratio. a. 36 b. 44 c. 1.00 d. 69
-
Refer to the clustering problem involving the file FBS described in Problem 1. Apply hierarchical clustering with 10 clusters using football stadium capacity, latitude, longitude, endowment, and...
-
Acu Darts Ltd buys and sells dartboards. The manager prepared the following budgeted contribution statement of comprehensive income for March: R Sales 1 2 0 0 0 0 0 Variable costs 1 0 7 5 0 0 0...
-
According to an extensive survey conducted for Business Marketing by Leo J. Shapiro & Associates, 66% of all computer companies are going to spend more on marketing this year than in previous years....
-
1. Obtain the transfer function Y(s)/R(s) for the system shown in figure below, using Block diagram reduction rules? R(s) Y(s) s+2 2
-
It is argued that in the commonly used 60 / 40 60 / 40 portfolio ( 60 % ( 60 % stocks, 40 % 40 % bonds), since stocks are much riskier than bonds, the stocks' relative contribution to the portfolio...
-
Think about the general concept of a relationship, not necessarily in a business setting, but just relationships in general between any two parties. What aspects of relationships are inherently...
-
Another salesperson in your company says to you: Closing techniques today are moot. We know all our customers and their needs too well to have to employ closing techniques on them. Doing so would...
-
Consider service quality as a source of value. Give an example of a firm of which you have been a customer that exhibited a high degree of service quality. Also, give an example of poor service...
-
Think about the various courses you have taken during your college career. What motivates you to work harder and perform better in some courses than others? Why? What rewards are you seeking from...
-
Throughout history, mass media has played an important role in communicating information to a broad range of audiences. As the different forms of mass media have evolved, so has the extent of their...
-
As indicated by mutual fund flows, investors tend to beat the market seek safety invest in last year's winner invest in last years loser
-
The availability of jobs at higher real wages motivates many people to migratelegally or illegallyto the United States. Other things being equal, what impact would a large influx of immigrants have...
-
True or False: 1. A central bank has only one function-controlling the supply of money in a country. 2. The central bank typically serves as the major bank for the central government. 3. The central...
-
Multiple Choice Questions 1. Which of the following is not a source of product differentiation? a. Physical differences in products b. Differences in quantities that firms offer for sale c....
-
Review the discussion of ethical issues and the need theories of motivation. Discuss those issues with the goal of taking a strong position on them.
-
Discuss the international aspects of the need theories.
-
What is the relationship between monetary rewards and different needs? How should managers view money as a motivator for people with different needs?
Study smarter with the SolutionInn App