Question

can you answer these questions please and thank you

In a competitive market, a furniture company decides to use cheaper materials to decrease production costs and pass on the savings. This is an example of

following a federal regulation.
lowering prices for customers.
reducing the risk for consumers.
creating a new or better product.

Venya and Kari own a flower shop that specializes in custom bouquets. Wanting to expand into selling potted plants, they create a production possibility chart to assess whether the potted plants are a good idea. Study their chart:

A 3-column table has 3 rows. The first column is labeled Days with entries 1, 2, 3. The second column is labeled Number of bouquets produced with entries 100, 75, 50. The third column is labeled Number of potted plants produced with entries 0, 25, blank.
How many potted plants should they be able to produce on Day 3?

25
30
50
75

In a free-enterprise system, consumers decide

how to set prices.
which goods to export.
which services to buy.
how to use materials.

Read the graph.

A graph titled Renewable Energy Consumption by Source from 1949 to 2011 shows years on the x-axis, from 1950 to 2011, and Quadrillion B t u on the y-axis, from 0 to 4. The graph shows the usage for hydroelectric power, wood, biofuels, wind, and other. Hydroelectric power has the highest usage, and wind has the lowest usage.

Which power source has been least consumed?

wood
wind
biofuel
hydroelectric

One of the three main questions of economics addresses who should

produce goods and services.
market goods and services.
receive goods and services.
distribute goods and services.

Answer 1

Here are the answers with brief reasons:

1) lowering prices for customers — Using cheaper materials to cut costs and pass savings on is aimed at lowering prices.

2) 50 — Each time bouquets drop by 25 (100 → 75 → 50), potted plants rise by 25 (0 → 25 → 50).

3) which services to buy — In a free-enterprise system consumers decide what goods and services to purchase.

4) wind — The graph shows wind having the lowest consumption.

5) receive goods and services — One of the three basic economic questions is "for whom" (who should receive goods and services).