In the case of an external cost, marginal private cost: Group of answer choices is less than marginal social cost for all quantity levels. is equal to marginal social cost for all quantity levels. is greater than marginal social cost for all quantity levels. and marginal social cost cannot be compared at any quantity.

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050

Gross output (go) reflects the overall status of the productive side of the economy better than gdp does. a. true b. false