The input efficiency condition:
A. holds if at least one pair of firms share the same marginal rate of technical substitution between every pair of inputs.
B. holds if at least one pair of consumers share the same marginal rate of substitution between two goods.
C. holds if every pair of firms share the same marginal rate of technical substitution between every pair of inputs.
D. holds if every pair of firms share the same marginal rate of substitution between two goods.
C. holds if every pair of firms share the same marginal rate of technical substitution between every pair of inputs.
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Including an employee representative on the board of directors reduces the possibility of opportunistic employer behavior
Indicate whether the statement is true or false
Carmen listens to opera music every evening when she gets home from work. Carmen loves listening to opera, but her neighbor Paul, who can also hear the music, hates it. If Paul is the only person besides Carmen who can hear the music, then Carmen's music generates:
A. neither a positive nor a negative externality. B. a positive externality. C. a negative externality. D. both a positive and a negative externality.
The SUM of data points is a measure of fit for those data points.
Answer the following statement true (T) or false (F)
A subsidy is sometimes used by the government to correct the problems associated with
A) negative externalities. B) positive externalities. C) public goods. D) monopolies.