Suppose that Oscar sells pork in a perfectly competitive market. The market price of pork is $3 per pound. The marginal revenue generated by Oscar from selling the 12th pound of pork would be

Gross domestic product is the total ________ produced within a country in a given time period

A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services

Producer surplus measures the value between the actual selling price and the profit-maximization price

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