Question: Technologically determined demand means that __________. demand is calculated based on how much technology is involved in the final product consumers determine demand by using

Technologically determined demandmeans that __________.

demand is calculated based on how much technology is involved in the final product

consumers determine demand by using technology such as the Internet to indicate preferences

the demand for labor will depend on techniques of production and on technological progress

the demand for product will require that more technology be added to the production function

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

a. How many shares of stock did Electronic Arts issue during 2011 due to employees through stock plans? b. If so, what was the value of shares issued from this activity? MANAGEMENT 120A CASE...

Q:

Question 1. Create a Swot Analysis using the information provided Question 2. Create a grand Strategy matrix using the information provided Lori Radulovich Baldwin-Wallace College NFLX...

Q:

1. Problem Statement: No more than a sentence or two that succinctly identifies your problem. 2. Situation Analysis: (typically 3-5 bullet points per C, focus on those most relevant to your problem)...

Q:

CHAPTER 1 THE BUSINESS AND SOCIETY RELATIONSHIP BUSINESS & SOCIETY Title ISBN Business and Society Archie B. Carroll; Ann K. Buchholtz 978-1-285-73429-3 Publisher Cengage Learning Author FOCUS OF THE...

Q:

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Q:

Learning Objectives 3-1 By the end of this section, you will be able to: Explain demand, quantity demanded, and the law of demand Identify a demand curve and a supply curve Explain supply, quantity...

Q:

Hi! i need help with this case. thanks! **** NO CONSIDER THE PARTS WHERE REFER A PAGE NUMBER***** Introduction A great deal of marketing is qualitative as it deals with creative ideas, attaching to...

Q:

Hi, I have an Assignment for my Finance Subject. I have attached the necessary documentation here for you to view including the Lecture slides of all the Topics covered for this assignment. Please...

Q:

MUST BE IN OWN WORDS FOR POINTS Analyze the Current Situation Identify the Strategic Managers "Case 30 Tesla Motors, as the first U.S. Car Company IPO Since 1956 Alan N. Hoffman Bentley University...

Q:

For the exclusive use of A. Young NA0232 Daktronics (A): The U.S. Digital Signage Industry in 2010 Joseph Kavanaugh, Sam Houston State University Joshua Warne and Carol J. Cumber, South Dakota State...

Q:

Many companies do not record depreciation expense in the year of an assets disposal. Required: Discuss three reasons for not recording depreciation expense in the year an asset is sold.

Q:

A city is divided into 50 geographic subdivisions. An estimate was required of the proportion of households in the city interested in a new lawn-care service. A random sample of three subdivisions...

Q:

To calculate the Operating Net Working Capital ( ONWC ) in 2 0 1 9 , the formula should read... = SUM ( C 8 :C 1 0 ) - C 2 4 = ( C 1 1 - C 7 ) - ( C 2 4 - C 2 2 ) = SUM ( C 8 :C 1 0 ) - SUM ( C 2 1...

Q:

Consider the following information for DEF Inc: Name Amount Units sold 102152 units Sales price $47/unit Labor Hours 23678 hours Wage Rate $6.5/hour Capital Hours 30319 hours Capital Rate $45.08/hour...

Q:

7. How does the framing of a situation affect the situation regarding communica-tion?

Q:

1. To generate a discussion on the concept of roles

Q:

6. What information processes operate in communication situations?