Total costs equal

a. Fixed costs
b. Variable costs
c. Sunk costs
d. Fixed costs plus variable costs

d

Economics

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According to your textbook authors, pollution is

A) an imaginary problem invented by fanatical environmentalists. B) a major social and political concern because people disagree about rights. C) a less important problem than inefficiency. D) always increasing and never capable of being reduced.

Economics

Why is it impossible to make everyone better off in the long run by imposing import restrictions?

What will be an ideal response?

Economics