Studies and experience suggest that labor and capital are highly complementary inputs to the production of pipe organs
Indicate whether the statement is true or false
TRUE
Economics
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Ben's cost of making an additional rocking chair is $75
A) If he sells it for a $100, his producer surplus is $25. B) His marginal cost is equal to $75. C) The marginal benefit to the consumer from the chair will be $75. D) Both answers A and B are correct. E) Both answers B and C are correct.
Economics
The demand curve for a Giffen good is
A) non-existent. B) upward sloping. C) non-linear but downward sloping. D) vertical.
Economics