The following figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his substitution effect?

Diseconomies of scale are associated with:

If the Federal Reserve wants to lower the inflation rate, it will ____ the federal funds rate by undertaking open market ____ of government securities.

Which of the following statements is true with respect to a statistical decision and an economic decision?
I). When in conflict, a statistical decision must override an economic decision since the former is an objective test.
II). A statistical decision will always be objective whereas an economic decision may be subjective.
III). If the statistical decision is not to reject the null, it simply implies that the sample results were inconclusive.
IV). A statistical decision may easily be influenced by changing the level of significance of the test.

In calculating the cash payments for other operating expenses, which of the following items must a company add to the other operating expenses reported on the income statement?