Author Question: An individual's demand curve a. represents the various quantities that a consumer is willing to ... (Read 45 times)

schs14 · **on:** Jul 1, 2018

An individual's demand curve
a. represents the various quantities that a consumer is willing to purchase of a good at various prices.
b. is derived from an individual's indifference curve map.
c. will shift if preferences, prices of other goods, or income change.
d. all of the above.

Question 2

Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period
b. increase the burden on the division when goals rise
c. can lead to accumulated inventory when goals rise
d. all of the above