Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.

Rational choice requires that opportunity cost be

A. ignored in making a decision. B. considered for individual choices but not for societal choices. C. computed but not actually used in making a decision. D. considered as part of making a decision. E. used as the sole decision criterion.

The longer one has to wait for a future payment, the greater the present value it has.

Answer the following statement true (T) or false (F)