Refer to the figure above. What is the change in total revenue due to a price reduction from $6 to $4?

An increase in expected future disposable income ________ consumption expenditure and ________

A) increases; shifts the consumption function downward B) increases; shifts the consumption function upward C) decreases; shifts the consumption function upward D) increases; results in a movement upward along the consumption function E) decreases; shifts the consumption function downward

Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having to pay to attract miners and truck drivers. In this instance, Rio Tinto began using new robotic technology to

A) substitute labor for capital in production. B) add labor as a complementary resource for its capital. C) add capital as a complementary resource for its labor. D) substitute capital for labor in production.