The text refers to the Green Bay Packers as an example of a nonprofit corporation that is no less efficient than a profit-maximizing NFL team

A consumer's demand curve for a product is downsloping because:

A. total utility falls below marginal utility as more of a product is consumed. B. marginal utility diminishes as more of a product is consumed. C. time becomes less valuable as more of a product is consumed. D. the income and substitution effects precisely offset each other.

The demand for factor inputs:

A. is generally constant across most factor markets. B. depends upon the markets for the goods that they are used to produce. C. is independent of how much they contribute to the value of the end product. D. is referred to as imputed demand.