A country has a comparative advantage in producing a good when it has the lowest opportunity cost of producing that good

Academic book publishers hire editors, designers, and production and marketing managers who help prepare books for publication

Because these employees work on several books simultaneously, the number of people the company hires will not go up and down with the quantity of books the company publishes during any particular year. The salaries and benefits of people in these job categories will be included in A) fixed cost but not variable cost and total cost. B) fixed cost and marginal cost but not variable cost. C) fixed cost and total cost but not variable cost. D) marginal cost and total cost but not fixed cost.

The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil

a. True b. False Indicate whether the statement is true or false