People who are risk neutral are more likely to engage in tax evasion than people who are risk loving.

Accountants calculate

A) economic depreciation as part of the firm's cost. B) depreciation using Internal Revenue Service rules. C) the opportunity cost of all the resources the firm uses. D) all the firm's implicit costs but only a few of its explicit costs. E) All of the above answers are correct.

Comparing single-price monopoly to perfect competition, monopoly

A) increases the amount of consumer surplus. B) has the same amount of consumer surplus. C) has no consumer surplus. D) decreases the amount of consumer surplus. E) decreases the amount of economic profit.