The productive resource that includes all the "gifts of nature" is called

A) land.
B) labor.
C) capital.
D) entrepreneurshi

A

Economics

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The Coase Theorem states that externalities can always be eliminated by the market as long as property rights exist, the number of parties involved is small, and transactions costs are low

Indicate whether the statement is true or false

Economics

Assume that you have data on a firm's average fixed cost and average variable cost for various levels of output and you are asked to calculate the total variable cost and total cost of the firm

Would this be enough information to perform this calculation? Explain

Economics