A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called

Rational people make decisions at the margin by

a. following marginal traditions. b. behaving in a random fashion. c. thinking in black-and-white terms. d. comparing marginal costs and marginal benefits.

Because special interest groups tend to favor transfer policies rather than economic growth policies, many economists believe that these special interest groups help to improve economic efficiency.

Answer the following statement true (T) or false (F)