If a firm's implicit costs are greater than its explicit costs, it tells us nothing about whether a firm is earning economic or accounting profits

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

True

Economics

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________ are non-rival in consumption

A) Public goods and private goods B) Public goods and club goods C) Public goods and common pool resources D) Private goods and common pool resources

Economics

Refer to the diagram of the market for money. The equilibrium interest rate is:



A.  i 1 .
B.  i 2 .
C.  i 3 .
D.  not determinable without additional information.

Economics