Best example of consumer good

Assignment Help Business Economics

Reference no: EM131109613

Which of the following is the best example of a consumer good? 1. the riding lawn mower purchased by the landscape company. 2. the disposable diapers purchased by the new mother for her baby. the paint purchased by the prison 3. the cookies purchased by the eldercare center 4. the art supplies purchased for the high school art center.

Reference no: EM131109613

Questions Cloud

How racial profiling hurts everyone including the police : How racial profiling hurts everyone, including the police.

Determinants of comparative advantage : Scenario 20.2 Suppose labor productivity differences are the only determinants of comparative advantage, and both Egypt and Ghana produce only corn and cocoa. In Egypt, 10 bushels of corn or 15 pounds of cocoa can be produced in a day.

Is the economy experiencing a trade deficit why : Assume all taxes are collected. Is the Government experiencing a budget deficit in equilibrium? Why?

Surplus at various prices above no-trade equilibrium : The import demand curve shows the amount of the home country’s: a. shortage at various prices below the “no-trade” equilibrium. b. surplus at various prices above the “no-trade” equilibrium. c. equilibrium “no-trade” quantity demanded. d. shortage at..

Best example of consumer good : Which of the following is the best example of a consumer good? 1. the riding lawn mower purchased by the landscape company. 2. the disposable diapers purchased by the new mother for her baby. the paint purchased by the prison 3. the cookies purchased..

Find a description of a loan modification scam : Antitrust Laws in the United States - Consider whether the US government should break up the biggest US banks. Why or why not? If the United States does so, and other nations have very large government banks, or have very large private banks, ca..

Advanced monetary theory : Consider a hypothetical ABC economy in which the narrowly-defined measure of the money supply (M1), as defined in the Canadian sense, in existence is 1250$ million. Assuming the economy's banking system behavior may be characterized by the following..

The separate demand curves for bikers and hikers : Both mountain bikers and hikers enjoy Horse tooth Mountain Park. Assume there are more substitute hiking spots than there are biking trails. Further assume that there are demand side congestion effects of both bikers and hikers visiting the Park. Sho..

Price discrimination-find the profit-maximizing : Price discrimination: Shooting Star Books is a small publishing company that specializes in science fiction books. Assume that the marginal cost and average variable cost of printing books is $0 per book, and there is not fixed cost. The annual deman..

User Account

All Pages