Suppose the cost of producing cellular phones declines from $25 to $20 . If buyers' valuations remain fixed at $30, the transaction would create _____ more economic value

An indifference curve shows _____

a. the relationship between total and marginal utility b. the relationship between the quantity of a good and the maximum attainable satisfaction c. the various combinations of two goods that give a consumer the same amount of satisfaction d. the relationship between the price and quantity of a good that a consumer is able to purchase e. that the quantities of a good that give a consumer maximum satisfaction are directly related to price

The two most important actors of the economy are:

A. land and capital. B. households and firms. C. firms and capital. D. exports and imports.