Jewellery Manufacturers Produce a Range of Products Such as Rings

question 136

Multiple Choice

Jewellery manufacturers produce a range of products such as rings, necklaces, bracelets and brooches. What fundamental economic question are they addressing by offering this range of items?

• A)How to produce goods that consumers want?
• B)Why produce a variety of items?
• C)What to produce?
• D)Who to produce the items for?

---

Definitions:

Computer Programmer

A professional who writes, tests, debugs, and maintains the code that allows software programs and applications to function.

Budget Line

A graphical representation showing the combination of goods a consumer can purchase with a fixed income.

Money Income

The total amount of monetary earnings or receipts a person or household receives within a given period.

Utility

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