Question

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

Explanation:

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