7. Which of these best describes the influence of high prices on the behavior of producers? A. They are an incentive for producers to produce more.

B. They are an incentive for producers to buy less.

C. They encourage producers to modify their supply schedules.

D. They have no significant overall effect on producer behavior.

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Which of the following statements is true about an atm card?

Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.