When MSC > MPC, there are detrimental externalities.

Answer the following statement true (T) or false (F)


True

Economics

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In the short run, if price falls below a firm's minimum average total cost, the firm should shut down

Indicate whether the statement is true or false

Economics

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Suppose Country B decides to specialize in tomatoes, and Country A specializes in bananas. What terms of trade would both countries agree to? One tomato for:

A. one banana B. two bananas C. four bananas D. six bananas

Economics

The Current Population Survey is conducted

What will be an ideal response?

Economics

_____________ is the additional output produced by the last worker hired.

Fill in the blank(s) with the appropriate word(s).

Economics