Marginal costs that cannot be attributed to individual units of commodities

but are incurred by society as a whole are:



-a. Internal costs of production
-b. Social marginal Costs
-c. Costs of intermediate inputs
-d. Sunk costsThe Slutsky Substitution Effect assumes that:

-a. the consumer's real income has changed.
-b. the original commodity bundle can be purchased at the new relative price vector
-c. there is no difference with its Hicksian counterpart.
-Selected:
-d. the original preference ordering changes because of a change in relative prices.Advertising in monopolistic competition is a tool of:

-a. Non-price competition
-b. Price competition
-Selected:
-c. Product development.
-This answer is incorrect.
-d. CollusionA collection of all FEASIBLE PRODUCTION PLANS is defined as a:

-a. Technical Efficiency Parameter
-Selected:
-b. Returns to Scale Parameter
-This answer is incorrect.
-c. Technology Set
-d. Modified production plan.