If average cost is falling, then marginal cost must be less than average cost.
Answer the following statement true (T) or false (F)
True
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In the United States, the air quality standards used to control criteria pollutants
a. identify the maximum allowable concentrations of each pollutant b. are set to achieve an efficient abatement level using benefit-cost analysis c. are known as the NESHAP d. are achieved by all AQCRs in the nation
Although Africa's debt/GNP ratio is larger than Latin America's, the debt-service burden is lighter. Explain this and relate it to changes in the nature of development lending in the 1970s
What will be an ideal response?
The economic behavior of individual decision makers and the determination of price and output in specific markets are both studied in
a. microeconomics b. macroeconomics c. positive economics d. normative economics e. disequilibrium economics
Pigovian taxes are used to counterbalance:
A. negative externalities. B. positive externalities. C. network externalities. D. They could be used to counteract any of these.