If Dylan saves $50 per week, then Dylan's ________ will increase by $50 per week.

The "law" of diminishing returns asserts that marginal returns will ultimately diminish when the quantity of one input is increased

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

The external marginal cost of producing coal is MCexternal = 8Q while the internal marginal cost is MC internal = 6Q. The inverse demand for coal is given by P = 180 ? 4Q. What is the socially efficient level of output?

A. 15 B. 20 C. 18 D. 10