Which of the following is not a correct statement about individual and group preferences?
a. Individuals have preferences
b. Groups have preferences
c. Individuals within groups have preferences
d. Groups make collective decisions on behalf of their members
b
Economics
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If this pollution occurs, the marginal social cost equals the
A) marginal external cost. B) private marginal cost. C) sum of the private marginal cost and the marginal external cost. D) private marginal cost minus the marginal external cost.
Economics
Payments to the owners of firms are included in aggregate accounting as:
A. interest. B. rents. C. profits. D. employee compensation.
Economics