If product price decreases, then:
a. MP will increase.
b. MFC will increase.
c. MRP will increase.
d. MRP will decrease.
d
You might also like to view...
The 45-degree reference line indicates all points at which
A) planned real saving and planned real investment are equal. B) planned real saving and planned real saving are equal. C) planned real consumption expenditures and real GDP are equal. D) planned real consumption expenditures and planned real saving are equal.
Answer the next question based on the given supply and demand data for wheat.Bushels Demanded Per monthPrice per BushelBushels Supplied Per Month45$57750473563686126167157If the price in this market was $4
A. the market would clear; quantity demanded would equal quantity supplied. B. there would be a shortage of wheat. C. buyers would want to purchase more wheat than is currently being supplied. D. farmers would not be able to sell all their wheat.