Which of the following represents a decrease in cash flows?
a) Increase in Accounts Payable
b) Decrease in Inventory
c) Decrease in Wages Payable
d) Increase in Deferred Revenue
Ans: c) Decrease in Wages Payable
Economics
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Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is
A) 2 trucks. B) 1 automobile. C) 1/2 of a truck. D) 3 trucks. E) 6 automobiles - 3 trucks.
Economics
Which economic principle states that when more of a good is consumed, the incremental satisfaction delivered by that good decreases?
a. the law of consumer choice b. the law of consumer equilibrium c. the law of demand d. the law of diminishing marginal utility
Economics