Clearly defined property rights promote the efficient use of property

Marginal cost is always zero at the point of efficient scale

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

Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price decreases from $20 to $18 is

A. -1.37. B. -0.33. C. -3.29. D. -1.