Assume that the current price of a market basket of goods is $5,000 and the base year price of the same market basket is $4,000. The current price index is

Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:

a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has better outside options c. His threat is more believable if only he is hurt from the deal falling through d. His threat is more believable if he has balked at this course of action in the past

A firm that maximizes profits also

A) is inefficient. B) cuts corners in production processes so that its products are made too cheaply. C) uses the least-cost combination of resources. D) pays input prices lower than other firms do.