Who won a Nobel Prize in economics for his work in the development of game theory?

For a firm to be economically efficient from society's point of view, it should produce to the point at which

A) marginal cost equals marginal revenue. B) marginal cost equals average total cost. C) marginal cost equals price. D) average total cost equals price.

A production process is a specific combination of resources used to produce a good or service.

Answer the following statement true (T) or false (F)