The production of a certain fertilizer emits a gas that keeps away mosquitoes and other insects from the surrounding community. This is an example of a ________

A) positive externality
B) negative externality
C) pecuniary externality
D) comparative externality

A

Economics

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If the price of its product falls below the minimum point on the AVC curve, the best a perfectly competitive firm can do is to

A) keep producing and incur an economic loss equal to its total variable cost. B) keep producing and incur an economic loss equal to its total fixed cost. C) shut down and incur an economic loss equal to its total variable cost. D) shut down and incur an economic loss equal to its total fixed cost.

Economics

An isoquant is the locus of the different combinations of inputs that produce the same level of output

Indicate whether the statement is true or false

Economics