The Lagrange multiplier, ?, reflects a change in the objective function from a unit change in the ________ value of a constraint

If the goods that are delivered to the buyer are in accordance with the obligations under the contact, they are called:

a. fungible goods b. nonconforming goods c. identified goods d. conforming goods

A price elasticity of -2 means that a price reduction of one percent will result in ________

A) a decrease in volume by 2% B) a decrease in volume by 20% C) an increase in volume by 2% D) an increase in market share by 20% E) a decrease in market share by 2%