Moving decisions downward into functional areas economizes on information and is efficient because a functional department is by definition expert at a subset of the firm's activities

If consumption is $800 when income is $1,000 . the marginal propensity to consume (MPC) must be 0.80

a. True b. False Indicate whether the statement is true or false

When costs occur in the future, the ________ the costs occurs, the ________ it is discounted and the ________ negative effect it has on the net present value.

A) sooner; less; larger ; B) later; more; smaller C) sooner; more; smaller D) later; more; larger