Answer:
It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.
Explanation:
The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.
Answer: b). falls from a positive amount to another positive amount
Explanation: Given that diet coke and diet pepsi give the consumer equal level of satisfaction. Diet coke and diet pepsi are substitutes, since, the consumer does not care about consuming diet pepsi and diet coke. For substitute goods the consumer will buy the cheapest of the two. When pdc (price of diet coke) rises but it remains less than pdp(price of diet pepsi) then the consumption of dc will decrease but it will still be above the consumption of dp. Since it is still relatively less expensive than diet pepsi. So the consumer will buy diet coke than diet pepsi, which means consumption of diet coke, dc falls from one positive amount to another positive amount.
I would say FHA, from what I know.
