A society which is inside its production possibilities frontier is efficient
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When a firm increased its output by one unit, its AC rose from $45 to $50. This implies that its MC is
A) $5. B) between $45 and $50. C) greater than $50. D) Cannot be determined from the above information
Economics
Choices need to be made because of all of the following, except limited _____
a. resources b. income c. wants d. time e. availability of goods
Economics