The table below shows four alternative techniques for assembling a car. Which of the four techniques for assembling a car cannot be economically efficient with any input prices?

Unlike implicit costs, explicit costs:

a. reflect opportunity costs. b. include the value of the owner's time. c. are not included in the accounting statement of the firm. d. are actual cash payments. e. do not change with the output rate of the firm.

A change in the price of carrots will cause a movement along the demand curve for carrots and a shift in the demand for substitute vegetables.

Answer the following statement true (T) or false (F)