Moving down along an indifference curve:
a. total utility remains constant

The more complicated a production process is,

a. the lower the transactions cost of using markets b. the lower the cost of production c. the more likely the market will be used to organize production d. the more likely that transaction costs decrease through centralized control of production e. the more likely that transaction costs decrease through use of markets

The demand curve for a Giffen good is

A) non-linear but downward sloping. B) vertical. C) upward sloping. D) nonexistent.