Marginal social costs are the sum of marginal private costs and incidental costs.
Answer the following statement true (T) or false (F)
True
Economics
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National income and domestic product must be equal
a. True b. False Indicate whether the statement is true or false
Economics
FGLS estimates are efficient when explanatory variables are not strictly exogenous.
Answer the following statement true (T) or false (F)
Economics
In 2009, ______________ of Americans owed no federal income taxes.
A. 60% B. 47% C. 38% D. 26%
Economics
Which of the following statements regarding an average-cost pricing rule for a natural monopoly is WRONG?
A) It sets price equal to average total cost. B) It is efficient. C) The firm makes zero economic profit. D) More output is produced than if the firm maximized profit.
Economics