When shares of stock are sold for more than they are purchased, the difference received by the seller is referred to as:

The profit-maximizing level of employment for a price-taking firm occurs where marginal revenue product equals marginal resource cost. In contrast, the profit-maximizing level of employment for a price-setting firm occurs where marginal product equals marginal resource cost

Indicate whether the statement is true or false

An economist might say that people choose not to get a college degree because they may have to borrow money to go to college, and the interest they have to pay on that loan in the future will affect their decisions today. This is an example of which kind of statement?

a. positive statement b. normative statement c. trade-off statement d. allocative statement