--%>
Assignment Help - homework help

How production increases the value of good

I have a problem in economics on how production increases the value of good. Please help me in the following question. The production of jewelry from valuable metals raises the value of a good by modifying its: (1) Time. (2) Possession. (3) Place. (4) Form.

What is the most precise answer from the above options.

   Related Questions in Microeconomics

  • Q : Problem on Efficiency Wage I have a

    I have a problem in economics on Efficiency Wages problem. Please help me in the following question. The Efficiency wages: (i) do not maximize firm profit. (ii) Cause involuntary unemployment. (iii) Are paid due to adverse selection. (iv) Are never se

    		•
  • Q : Choosing a statistical Model Choosing a

    Choosing a statistical Model: A number of problems arise in determining whether the work is truly rigorous or not. It is important to determine whether the model chosen makes theoretical and intuitive sense. <

    		•
  • Q : Demands for consumer for resources

    Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.

    		•
  • Q : Relatively inelasticity in supply curve

    At point c, in illustrated figure the supply curve into this graph is: (w) perfectly price elastic. (x) relatively price elastic. (y) unitarily price elastic. (z) relatively inelastic.

    Q : Effect on price Demand and supply of

    When we only know that the demand and the supply of a resource or good both have increased, we would decide that the resulting change within its price will be: (w) positive. (x) negative. (y) zero. (z) indeterminate.<

    		•
  • Q : Jeremy Bentham utilitarianism Possible

    Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r

    		•
  • Q : Percentage change in quantity demanded

    The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise

    		•
  • Q : Experiencing Absolute Poverty When the

    When the minimum amounts of food, clothing and shelter essential for survival absorb all of a family’s income, in that case the family is experiencing: (w) relative poverty. (x) economic shock. (y) financial destitution. (z) absolute poverty.

    		•
  • Q : Nonrivalry and nonexcludability Select

    Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.

    		•
  • Q : Problems on Craft Unions The Craft

    The Craft unions generally keep the wages of their members over the competitive level by: (1) Limiting competition among firms in product market. (2) Rising competition between firms in the product market. (3) Rising the supply of the labor in craft.

    		•