The slope of a line is calculated as the ratio of the "rise" over the "run"
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Overproduction results in
A) external costs. B) external benefits. C) deadweight loss. D) super-efficiency. E) the marginal benefit of the last unit produced being larger than the marginal cost.
Economics
Factor payments are
a. amounts paid to resource owners for the use of their resource b. amounts paid for goods c. another term for revenues d. the amount households put into savings e. payments made to workers who are employed only part time
Economics