Due to the impact of diminishing marginal returns, all costs are fixed in the long run
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The Bureau of Economic Analysis excludes from its calculation of GDP most of the goods produced that are not sold in markets because
A) their production has no real costs. B) their value is implicitly included in the prices of marketed goods. C) there is no satisfactory way to measure their value. D) they do not contribute to national welfare. E) this would be inappropriate for an exchange economy.
Economics
"If it were not for employment discrimination against women, the average earnings of men and women would be equal." Is this statement true or false?
Economics