A country's imports are sensitive to its level of domestic income

Consider the following: The relative price of movies this year has

A) increased. B) decreased. C) stayed the same. D) Not enough information has been given to calculate an answer.

In the short run, which of the following statements is correct?

A. The marginal cost curve intersects the average variable and average fixed cost curves at their minimum points. B. Average variable cost declines continuously as total output is expanded. C. Total cost will exceed variable cost. D. If the inputs of all resources are increased by equal amounts, total output will expand by diminishing amounts.