In terms of parties to a contract, which of the following does NOT describe a competent party?AThe person must have at least completed secondary education. BThe person must not be under the influence of drugs or alcohol. CThe person must be of legal age. DThe person must be mentally competent to understand the contract.

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.

Adecision is made at the margin when each alternative considers