When total input costs rise slower than the total units of output produced, then the per-unit production costs:

An information cascade occurs when:

A) the buyer of a good has more information than the seller and takes hidden actions. B) the seller of a good has more information about the hidden characteristics of the good. C) people make the same decisions as others without focusing on private information. D) people have contradictory information about a good they want to consume.

A commission system of compensation reduces the risk to workers during seasonal periods when business is sluggish

Indicate whether the statement is true or false