Which of the Following Is an Example of a Homogeneous

question 110

Multiple Choice

Which of the following is an example of a homogeneous good?

• A)laundry detergent
• B)green cabbage
• C)hot dogs
• D)potato chips

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Definitions:

Wage Rate

The amount of compensation or payment received by an employee per unit of time or piece of work completed.

Pizza Makers

Individuals or machines specifically tasked with preparing and cooking pizzas.

Increase in Supply

Occurs when there is a rise in the quantity of a good or service available in the market, typically resulting from lower production costs or an improvement in technology.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied.