Firms deducting the asset's full cost at the time of acquisition from taxable income is called investment tax credit.

The underemployed are defined as people who have:

a. full-time jobs and who are looking for other full-time permanent employment that pays at a higher rate. b. only part-time or temporary jobs and who are looking for full-time, permanent employment. c. stopped looking for employment even though they may be capable of holding a part-time job. d. multiple full-time jobs and/or part-time jobs but are still counted as employed.

The rule of MC = MR does not apply to a monopolist.

Answer the following statement true (T) or false (F)