If a decrease in income leads to a decrease in the demand for mac and cheese, then mac and cheese is
A) a complement. B) a necessity. C) a normal good. D) a neutral good.
C
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One type of demander in the loanable funds market
A) lends funds to purchase financial capital. B) lends funds to purchase physical capital. C) wants physical capital in order to purchase financial capital. D) wants funds to purchase financial capital. E) wants funds to purchase physical capital.
Costs of production that change with the rate of output are
A) sunk costs. B) opportunity costs. C) fixed costs. D) variable costs.
A decrease in demand for a product, holding other things constant, will
A) increase the marginal revenue product of labor. B) decrease the marginal revenue product of labor. C) not change the marginal revenue product of labor. D) have an undetermined effect upon the marginal revenue product of labor.
To decrease buyer power, the firm can
a. Differentiate its product b. Decrease dependency on a single buyer c. Sell its products in locations with multiple buyers d. All of the above