aswer please asap

Butter and margarine are examples of:

a.substitutes

b.complements

c.normal goods

d.inferior goods

At the point of tangency of the indifference curve and the budget constraint line:

a.the slope of the indifference curve is less than the slope of the budget constraint line

b.the slope of the indifference curve is greater than the slope of the budget constraint line

cc.the slope of the indifference curve is the same as the slope of the budget constraint line

d.the slopes of the indifference curve and budget constraint line are undetermined

If the percentage change in quantity demanded is smaller (absolute value) than the percentage change in price, then demand is:

a.inelastic

b.elastic

c.unit elastic

d.determined by supply

Accounting profit is typically:

a.greater than economic profits because the former do not take explicit costs into account

b.equal to economic profits because accounting costs include all opportunity costs

c.smaller than economic profits because the former do not take implicit costs into account

d.greater than economic profits because the former do not take the implicit costs into account

Demand is said to be price inelastic when the coefficient of price elasticity of demand is:

a.greater than + 1

b.between 0 and + 1

c.zero

d.infinity

The difference between the average total cost and the average variable cost is ___:

a.marginal cost

b.average fixed cost

c.average product

d.marginal product

If a price decrease results in no change in the seller's total revenue, then:

a.supply determined demand

b.demand is unitary elastic

c.demand is elastic

d. demand is inelastic

The basic difference between the short run and the long run is that:

a. all costs are fixed in the short run, but all costs are variable in the long run

b.the law of diminishing returns applies in the long run, but not in the short run

c.at least one resource is fixed in the short run, while all resources are variable in the long run

d.short run is calendar based while long run is greater than one year

The more available substitutes there are for a good, the:

a.larger the number of consumers

b.smaller the number of consumers

c.smaller the supply side response

d.more elastic the demand for that good