A public good or service can be consumed by paying and nonpaying customers alike

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Payments to the factors of production are

A) rent, wages, interest, and profit or loss. B) rent, mortgage, interest, and bonds. C) rent, interest, bonds, and profit or loss. D) land, labor, capital, and entrepreneurshi

Economics

Opportunity cost is:

A) zero for the use of a free combo meal offer. B) the dollar payment for a product. C) the benefit derived from a product. D) the value of the best alternative forgone in making any choice.

Economics