Firms that can reduce pollution easily would be willing to sell their pollution permits

If a firm is a price taker, then the demand curve faced by the firm is perfectly elastic

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

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

a. 1/3 laptop per hour b. 3 hours per laptop c. 1200 laptops d. 400 laptops