A monopoly is a firm that is the only seller of a good or service that does not have a close substitute

If Libby can produce 20 gallons of beer or 5 gallons of wine per hour, her opportunity cost of one gallon of beer is 4 gallons of wine

Indicate whether the statement is true or false

Which of the following would lead to a decrease in autonomous consumption spending?

a. a decrease in disposable income b. an increase in disposable income c. an increase in the interest rate d. more optimistic expectations about future income e. an increase in wealth