State whether the following statements are true or false and give the reason for your response: a. When constant margina
Posted: Wed Jul 06, 2022 5:55 am
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.
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.