Assume Consumer Demand for CD-ROMs Increases

question 79

Multiple Choice

Assume consumer demand for CD-ROMs increases. The result is a(n) :

• A) increase in derived demand for workers in the CD-ROM industry.
• B) increase in the marginal revenue product of firms in the CD-ROM industry.
• C) rightward shift in the market demand for labor curve in the CD-ROM industry.
• D) all of the above.
• E) none of the above.

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Definitions:

Cash Receipts

This records the total amount of cash received by an entity within a specific period, from various sources including sales, loan proceeds, asset sales, etc.

Cash Received

Money that a business or individual takes in, often measured over a period to assess cash flow.

Customers on Account

Refers to the sales made by a business where the payment is to be received at a later date, recorded as accounts receivable.

Cash Account Balance

The amount of money that is available in a company's or individual's cash account at any given time.