A disappearing middle class necessarily connotes a world of only the rich and the poor.

If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Eddie has a comparative advantage in producing milk shakes

Indicate whether the statement is true or false

Refer to Scenario 5.5. The expected cost to the firm if it does not fix the car is

A) $0. B) $24 million. C) $7.9 million. D) $2 million. E) $3.6 million.