Physical or technological facts are by themselves never sufficient to measure efficiency because
A) what is efficient changes over time.
B) efficiency is a ratio between evaluations.
C) more complex technological processes are inevitably more efficient.
D) physical or technological data can never be known precisely.
E) we can never be sure we are using the most advanced technology.
B
Economics
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If a per-unit tax on output sold is imposed on a monopoly's product, the monopolist will increase its market price by the full amount of the tax
Indicate whether the statement is true or false
Economics
In the long-run equilibrium in perfect competition,
A) producer surplus is positive. B) producer surplus is negative. C) producer surplus is greater than consumer surplus. D) producer surplus is less than consumer surplus.
Economics