Business, 15.01.2020 02:31 rubend7769

What happens to the demand for nails if the price of lumber increases significantly?

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Answer from: dicewillis

The demand for nails will decline

Explanation:

Lumber and nails are considered to be complimentary goods as they are used together. As such, when lumber is purchased, nails are purchased also for use together with the lumber.

Accordingly, if the price of lumber increases significantly, the demand for lumber is expected to fall. Thus, the demand for nails is also expected to fall as users demand less of nails due to the decrease in the demand for lumber.

Answer from: Quest

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

Answer from: Quest

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

$mu{n} = tu{n} -tu{n-1}$

so, marginal utility at the 4th unit will be given by

$mu{4} = tu{4} -tu{3}$

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

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