The basic approach in marginal analysis is to compare a policy's total benefits with its total costs
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Microsoft's success over Apple although Apple had a technologically superior product is the result of:
a. increasing returns in a network-based business b. Microsoft's economies of scale over a wide range of output c. the revenue sources derived from Microsoft's intellectual property d. superior marketing and promotions e. all of the above
One example of labor-market discrimination is that firms may be less likely to interview job-market candidates whose names suggest that they are members of a racial minority
a. True b. False Indicate whether the statement is true or false
The market mix of output and the optimal mix of output are always the same.
Answer the following statement true (T) or false (F)
Which of the following products will have more inelastic demand?
A. New cars. B. Fast food. C. Medicines. D. Fresh flowers.