question 6\n(02.01 hc)\n4 pts\nmckenzie runs a food truck business. which of these is an example of…

question 6\n(02.01 hc)\n4 pts\nmckenzie runs a food truck business. which of these is an example of mckenzie’s activity as a supplier in the product market?\n○ replaces the heating element in the deep fryer\n○ sells fish and fried potatoes at a music festival\n○ takes the truck to a mechanic for monthly service\n○ purchases a yearly permit from the local government

question 6\n(02.01 hc)\n4 pts\nmckenzie runs a food truck business. which of these is an example of mckenzie’s activity as a supplier in the product market?\n○ replaces the heating element in the deep fryer\n○ sells fish and fried potatoes at a music festival\n○ takes the truck to a mechanic for monthly service\n○ purchases a yearly permit from the local government

Answer

Brief Explanations:

To determine McKenzie's activity as a supplier in the product market, we analyze each option:

  • "Replaces the heating element..." involves fixing equipment (factor market or internal, not product market supply).
  • "Sells fish and fried potatoes..." means providing a finished good (food) to customers, which is supplying a product in the product market.
  • "Takes the truck to a mechanic..." is a service for maintenance (factor market or operational, not product supply).
  • "Purchases a yearly permit..." is a regulatory action, not supplying a product.

So selling the food is the product market supply activity.

Answer:

The option: Sells fish and fried potatoes at a music festival