Good Y is a normal good. If the average income of those who buy good Y rises, the curve for good Y will shift resulting in a(n) in the equilibrium price of Y and a(n) in the equilibrium quantity of Y.

When marietta chooses to only purchase a combination of goods that lie within her budget line, she: is decreasing utility. is maximizing utility. likely has negative savings. must reduce the quantity?

At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?

How can improving one’s reasoning skills also improve one’s performance on the job? if one can improve one’s reasoning, one can also improve one’s physical fitness and athletic performance. if one can improve one’s reasoning, one can perform anything. high-performing workers always work reasonable schedules. high-performing workers are able to analyze sophisticated streams of data and solve complex problems.