If renting videos is an inferior good, demand for this service will rise when consumer income falls
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Can a firm make losses by producing the rate of output at which marginal revenue equals marginal cost? Why?
What will be an ideal response?
Economics
The value of unpaid childcare services provided by a stay-at-home dad ________ included in GDP; the value of daycare services purchased from a licensed childcare provider ________ included in GDP.
A. is not; is not B. is; is C. is not; is D. is; is not
Economics