State whether the following statements are true or false and give the reason for your response: a. When constant margina

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answerhappygod
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State whether the following statements are true or false and give the reason for your response: a. When constant margina

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State whether the following statements are true or false andgive the reason for your response:
a. When constant marginal cost > 0, marginal net benefit(P-MC) increases at the rate of interest.
b. When the growth rate in demand exceeds the discountrate, the efficient outcome in a competitive industry will resultin a larger amount of oil available for the future period than thecurrent period.
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