Which of the following is an industry commonly known to have line employees?

Good Y is an inferior good. If the average income of those who buy good Y rises, the _____________ curve for good Y will shift ____________ resulting in a(n) _____________ in the equilibrium price of Y and a(n) ____________ in the equilibrium quantity of Y

A) supply; rightward; decrease; increase. B) demand; leftward; decrease; decrease C) demand; rightward; increase; increase D) supply; leftward; increase; decrease E) supply; leftward; increase; increase

If a firm's marginal cost exceeds its marginal revenue, then

a. the firm's profit is negative (i.e., the firm is suffering losses). b. the firm should shut down its operations. c. cutting back production will increase the firm's profit. d. the firm should reduce its per-unit cost by increasing its output.