Education's benefit to society is an example of an externality.
Answer the following statement true (T) or false (F)
True
Economics
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In the short run, marginal cost is minimized when
A) MPL is maximized. B) MPL equals zero. C) APL is maximized. D) APL equals zero.
Economics
According to the above figure, then the supply curve will
A) shift from S1 to S2. B) shift from S2 to S1. C) remain at S1. D) shift either to the left or the right, but it is impossible to say without more information.
Economics