The selling of a good or service abroad at a price below production costs is

Inflation imposes a cost on society by directly decreasing average real income in the economy

a. True b. False

If Sam sells his product for $10 per unit net of costs and just breaks even after transporting it 5 miles to the market, Susan, who lives only 2 miles from the market will

a. experience lower profits b. earn a location rent c. find it profitable to purchase Sam's land d. derive a consumer's surplus e. none of the above