If a family earned an additional $6,000 and, as a consequence, sustained a reduction of $3,600 in government benefits, the implicit marginal tax rate for this family would be

The primary difference between monopolistic competition and perfect competition is the number of firms in the market

Indicate whether the statement is true or false

The production possibilities curve in the current period

A) Reflects only the most efficient combination of two inputs to generate revenue. B) Reflects all of the combinations of two products to generate revenue. C) Reflects only the most efficient combinations of two products to generate revenue. D) None of the above