As the electronic components industry expands, the salaries paid ...

[K@]

As the electronic components industry expands, the salaries paid to electrical engineers rise in response to higher demand. We can conclude that the electronic components industry is:
 a. a constant-cost industry.
  b. an increasing-cost industry.
  c. a decreasing-cost industry.
  d. a marginal-cost industry.

Question 2

Utility is:
 a. easily measured, because all people derive the same utility from consumption.
  b. easily measured, because it is an objective concept.
  c. easily measured, because it is a subjective concept.
  d. hard to measure, because it is a subjective concept.
  e. hard to measure, because it is an objective concept.

[Beatricemm]

Answer to Question 1

b

Answer to Question 2

d