The marginal revenue product curve slopes downward only if the firm is a price searcher in the product market

a. True
b. False

B

Economics

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According to ________, there is a close connection between unemployment and the growth rate of real GDP

A) Say's Law B) Okun's Law C) Engel's Law D) Ricardo's Law

Economics

In order for pollution taxes to be effective in eliminating the deadweight loss resulting from pollution, the pollution tax must be set equal to the

A) marginal private cost. B) marginal external cost. C) marginal social cost. D) marginal benefit of polluting. E) price of the good.

Economics