A firm should keep producing output as long as the marginal profit is greater than zero, no matter how small it is.
Answer the following statement true (T) or false (F)
True
Economics
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The nice thing about a pollution tax is that it
a. eliminates pollution b. forces cleanup to occur c. is imposed only on the market with the externality d. creates new property rights e. creates positive externalities to compenstate for negative externalities
Economics
The American Revolution changed the basic structure of private property rights inherited during the colonial period
Indicate whether the statement is true or false
Economics
Which of the following is not an example of a liquid asset?
(A) A checking account (B) Cash (C) A certificate of deposit (D) Travelers' checks
Economics
A representative unit by which utility is measured is
A) a util. B) utility. C) marginal utility. D) ordinal utility.
Economics