Asked by Zheng Shouyi on Jun 29, 2024
Verified
A farmer finds that when he produces more corn,he also has more cornstalks that he can sell as decorations.To the farmer,corn and cornstalks are:
A) complements in production.
B) substitutes in production.
C) unrelated goods.
D) inferior goods.
Cornstalks
The stems of corn plants, which can be used as fodder for animals, in biofuel production, or as a raw material in various industries.
Complements In Production
Goods that are produced together in the same process or that increase productivity when used together.
Corn
A cereal plant that yields large kernels on a cob, used for food for humans and livestock, and as a raw material in industry.
- Identify and differentiate between complements and substitutes in production and consumption.
Verified Answer
Learning Objectives
- Identify and differentiate between complements and substitutes in production and consumption.
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