How many units should the firm produce? In other words, at what level of output does marginal cost equal marginal revenue?

The government can internalize externalities by taxing goods that have negative externalities and subsidizing goods that have positive externalities

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

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

a. 6.7% b. 9.5% c. 10.5% d. 28%