Negative externalities are benefits that people lose in a transaction
Indicate whether the statement is true or false
False
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What is not included in Porter's five forces representation?
A) the threat of new entrants. B) the threat of substitute products. C) the indifference of customers. D) the threat of new entrants.
Buyers and sellers acting in their own best interest generate outcomes that are in society's best interest when all of the following are true except:
A. buyers and sellers are informed. B. markets are inefficient. C. there are no external benefits. D. there are no external costs.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.
Suppose that an economy produces 500 units of output. It takes 10 units of labor at $15 a unit and 4 units of capital at $50 a unit to produce this amount of output. The per unit cost of production is:
A. $1.42 B. $1.24 C. $0.70 D. $0.40