A restaurant purchases a package of sandwich buns for 50 cents. The buns are ________ good in this case, and thus its purchase ________ a transaction that is included in GDP

If additional units of a good are produced at an increasing opportunity cost, the production possibilities frontier would be bowed outward (concave)

Indicate whether the statement is true or false

The monopolist produces at minimum average total cost to maximize efficiency

Indicate whether the statement is true or false