The congressional committee headed by Thomas Jefferson proposed a method for disposing of the public domain that was based on

A manager can determine if her product is viewed as a normal good or an inferior good by considering

A) price elasticity. B) cross elasticity. C) income elasticity. D) advertising elasticity.

As output increases, a typical firm's unit costs

a. decrease because the firm buys its inputs in large quantities b. increase because the supply of inputs increases c. remain constant d. increase due to the increasing scarcity of resources e. decrease as firms take advantage of diseconomies of scale