A firm's economic profit is the difference between its total revenue and total costs, including the opportunity costs of the resources used in the business

The budget constraint 12,000 = 2X + 4Y has a slope equal to –2 where Y is on the vertical axis

Indicate whether the statement is true or false

Which of the following would cause GDP to overstate the growth in economic well-being over the past 50 years?

A. Increase in leisure time B. Increase in the employment of married women C. Decrease in the employment of maids and housekeepers D. All of the choices are true