We use interest rates to measure the opportunity cost of holding money.

More buyer power means

a. Buyers would find it easier to capture the value created b. Buyers would find it more difficult to capture the value created c. Buyers would not be able to capture any value created d. None of the above

The law of diminishing returns indicates that:

A. as extra units of a variable resource are added to a fixed resource, marginal product will decline beyond some point. B. because of economies and diseconomies of scale, a competitive firm's long-run average total cost curve will be U-shaped. C. the demand for goods produced by purely competitive industries is downsloping. D. beyond some point, the extra utility derived from additional units of a product will yield the consumer smaller and smaller extra amounts of satisfaction.