The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. Based on the data in the table, production of fertilizer has

In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost

A) is less than its marginal revenue. B) equals its marginal revenue. C) exceeds its marginal revenue. D) equals its average revenue.

Bottles of very fine wine are less liquid than demand deposits

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