The budget deficit is equal to government spending plus tax revenue.
Answer the following statement true (T) or false (F)
False
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A consumer's total utility is maximized when the total utility per dollar from all goods is equalized
Indicate whether the statement is true or false
An isocost line represents:
A) all the combinations of inputs to a production process that result in the same total costs of production. B) all the combinations of inputs that result in the same amount of output. C) all of the combinations of two inputs for which the amount of money spent on each of the inputs is equal. D) all of the levels of output that result in the same total cost.
The length of the short run is the same for all firms
Indicate whether the statement is true or false
A franchisee faces_____ risk than a salaried manager
a. More b. Less c. The same d. None of the above