Optimal decisions are made at the point where marginal benefit is maximized

Indicate whether the statement is true or false


FALSE

Economics

You might also like to view...

A "false positive" is

a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false

Economics

Stock represents

a. a claim to a share of the profits of a firm. b. ownership in a firm. c. equity finance. d. All of the above are correct

Economics

Spending on imports should get ________ GDP, and spending on exports should be ________.

A. subtracted from; included B. included in; subtracted C. included in; included as well D. subtracted from; subtracted as well

Economics

The effect of a legal minimum wage set above the equilibrium wage rate is

A. a decrease in quantity of labor supplied. B. an excess quantity of labor demanded. C. an excess quantity of labor supplied. D. an increase in the quantity of labor demanded.

Economics