Hot Coffee Inc.hires workers and buys coffee roasting machines so it can serve fresh roasted coffee to its customers.The demand for ________ is a derived demand because ________.
A) both workers and roasting machines; both are used to produce and sell coffee
B) only workers; there is a limited number of people willing to work in coffee shops
C) only roasting machines; capital equipment can be resold in other markets
D) neither workers nor roasting machines; derived demand only applies to actual products produced for customers
E) only workers; workers can actually negotiate their wages
Correct Answer:
Verified
Q7: What is meant by derived demand?
A) The
Q8: The value of the marginal product of
Q9: Entrepreneurship differs from the other factors of
Q10: The total output of candles in Nick's
Q11: Which of the following factors have a
Q13: The value of the marginal product is
Q14: Which of the following represents a derived
Q15: Which of the following is NOT a
Q16: The demand for a resource is derived
Q17: The demand for a factor of production
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents