Which of the following best illustrates the concept of "derived demand"? a. an increase in the wages of autoworkers leads to an increase in the demand for robots in automobile factories. b.an auto firm decides to supply more minivans when there is a decrease in the demand for station wagons. c.an increase in the price of gasoline leads to an increase in the demand for small cars. d.an automobile firm faces an increase in the demand for cars it supplies to the market, which leads to an increase in the demand for auto workers.

Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach

What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?