Which of the Following Is NOT a Complement for Automobiles

question 84

Multiple Choice

Which of the following is NOT a complement for automobiles?

• A)Gasoline to run the car
• B)Price of the car
• C)The insurance for the car
• D)The cost of the financing for the car
• E)The cost of periodic maintenance

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Definitions:

Utility

In economics, utility means the total satisfaction received from consuming a good or service.

Competitive Equilibrium

is a condition in a market where supply equals demand, with prices becoming stable at this point.

Capital Input

The resources used in the production process, including buildings, machinery, and equipment.

Labor Input

The total hours of work or number of workers employed in the production of goods and services.