If marginal profit is zero, then average profit is at a maximum
a. True
b. False
Indicate whether the statement is true or false
False
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In the figure above, Gap's economic ________ is ________
A) loss; $8,000 B) loss; $13,000 C) profit; $7,200 D) profit; $13,000
Capital goods are counted the same as consumer goods in the national product accounts
a. True b. False Indicate whether the statement is true or false
"It would be an undue hardship to require people whose income is below $15,000 per year to pay income taxes." This statement reflects which of the following principles for a tax?
A. benefits-received B. inexpensive-to-collect C. ability-to-pay D. fairness of contribution
Which of the following is a strong assumption for static and finite distributed lag models??
A. ?Sequential exogeneity B. Strict exogeneity C. ?Dynamic completeness D. Homoskedasticity