The opportunity cost of going to movies is the price of entry into the movies

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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What is the relationship between total variable cost and marginal cost? Explain

What will be an ideal response?

Economics

A negative externality exists when

A. marginal social costs are less than marginal private costs. B. marginal social costs are greater than marginal private costs. C. marginal social benefits are less than marginal private benefits. D. marginal social benefits are greater than marginal private benefits. E. b and c

Economics

Democracy tends to best promote freedom when there is

What will be an ideal response?

Economics

Which of the following letters represents a category included in the expenditure approach?

a. C b. D c. P d. V

Economics