What is the marginal cost to a copying business of making 1,000 copies (vs 0 copies) if it is estimated for each of the 1,000 copies made, the company will spend: $0.01 on paper, $0.01 on copier maintenance (i.e. varies with the number of copies), $0.02 on building rental, $0.01 on interest on borrowed money, and $0.003 on income and sales taxes?

If a particular measure of real GDP consistently underestimates growth in real GDP, then the rate of inflation as measured by the GDP deflator

A) will be biased upward. B) will be biased downward. C) will be unbiased. D) cannot be calculated.

In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its average cost curve

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