NAFTA is an example of a free trade area consisting of the United States, Canada, Mexico, and the European Community

In the above figure, if the quantity is equal to 1,500,000 units, the deadweight is equal to

A) area A + area B. B) area C. C) area B + area F. D) area G + area H. E) None of the above answers is correct because the deadweight loss is equal to zero.

The slope of an isocost line determines the marginal rate of substitution

Indicate whether the statement is true or false