Increased value of product due to time

The farmer stores corn after its harvest in the fall and then vends it in the spring as a hog food at very higher price. The raised value of the corn is due to its modifying: (i) Place. (ii) Form. (iii) Possession. (iv) Time.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Goods in positive price cross

When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go

Q : Define Fiscal deficit Fiscal deficit is

Fiscal deficit is equavalent to excess of total expenditure over the sum of revenue and capital receipts excluding borrowings. That is, Fiscal deficit means borrowing of the government. Fiscal Deficit :T

Q : Competitive Markets-Labor unions The

The Purely competitive labor markets are not characterized through: (1) Most of the individual sellers and buyers of labor services. (2) Wages equivalent to the marginal resource costs. (3) Labor unions. (4) Price taking sellers and buyers of the labo

Q : Problem regarding Rational Ignorance

Whenever decision makers select not to pursue further information as the expected reward for the searching for it does not surpass its expected cost, the outcome is: (1) Adverse choice. (2) Consumer exploitation. (3) Unintended effects. (4) Asymmetric information. (5)

Q : Monopolistic competition in market power

A firm which has some market power but for that long-run profit is prevented by freedom of entry and exit is engaged within: (1) pure monopoly. (2) pure oligopoly. (3) monopolistic competition. (4) socially responsible behavior. (5) pure competition.<

Q : Minimum-wage Select the right ans wer

Select the right ans wer of the question. Critics of minimum-wage legislation argue that it: A) keeps inefficient producers in business. B) reduces employment.C) undermines incentives to work. D) is deflationary.

Q : Change in total revenue by market power

When a monopolist raises price, it: (w) always increases its revenue. (x) always reduces its revenues. (y) doesn't influence its revenue. (z) may increase, decrease, or not change total revenue. I need a good answe

Q : Wage Rates and Marginal Resource Costs

Can someone please help me in finding out the accurate answer from the following question. When a firm is the price taker in labor market and the salary is $80 per day, then the marginal resource cost incurred if hiring 20 more workers per day is as: (i) $1600. (ii) $

Q : Type of model used by economists Which

Which type of model is used by the economists to analyze competitive market?

Q : Price inelasticity of demand At a price

At a price for $0, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively sloped.

Discover Q & A

Leading Solution Library

Avail More Than 1413664 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943244
Asked

3,689

Active Tutors

1413664

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment