If Two Resources Are Substitutes _____

question 174

Multiple Choice

If two resources are substitutes _____

• A)one enhances another's productivity.
• B)an increase in the price of one will increase the demand for the other.
• C)an increase in the price of one will increase the supply of the other.
• D)an increase in the price of one will decrease the demand for the other.
• E)a decrease in the price of one will increase the demand for the other.

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Definitions:

Intangibles

Non-physical assets such as patents, trademarks, copyrights, goodwill, and brand recognition that have value.

Salvage Value

The projected remaining value of an asset once it has reached the end of its useful life and is no longer viable for production.

Asset's Value

The worth of an asset, determined by factors such as market value, cost, and depreciation.

Useful Life

The estimated duration of time a fixed asset is expected to be productive for its intended use, influencing depreciation calculations and asset management.