Evaluate the following statement: "The market price of a good reflects its highest-valued alternative use."

To make predictions of logarithmic dependent variables, they first have to be converted to their level forms.

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

The concept of surplus can:

A. show the benefits of introducing new markets. B. show who benefits from a tax. C. show who loses from minimum wage. D. show any of these.