A cost structure which relies more heavily on fixed costs makes the company more sensitive to changes in sales revenue.
This makes <span>C. Either more or less sensitive to changes in sales revenue, depending on other factors. the correct answer :)</span>
Answer:
The correct option is C: Jack could increase his utility by buying more pencils and fewer pens.
Explanation:
The marginal rate of substitution or MRS is defined as the rate at which one gives up a reasonable amount of one product to exchange for another products, and still maintains the same utility level. For Jack to maintain the same level of utility, he needs to more pencil and fewer pens to maintain an equilibrium in his purchase of pens and pencils.
Answer:
The answer is D
Explanation:
Katelyn is not putting any effort to do the job by not contributing, but still gets rewarder for the high grade. A free rider is someone who takes credit for a job the person did not do. Katelyn is taking this type of credit, so she is a free- rider.
