Question: True/False/Indeterminate : FOR EACH State whether each of the statements is true, false, or indeterminate (that is, the statement cannot be determined to be true
True/False/Indeterminate : FOR EACH State whether each of the statements is true, false, or indeterminate (that is, the statement cannot be determined to be true or false from the information given). Then give a brief explanation (maximum two bullet points). For each part, correctly identifying whether the statement is true, false, or indeterminate.
1. A public school is an example of an exogenous amenity.
2. The COVID19 research we reviewed on cities found that housing prices increased more in 2020 in less dense areas
3. In the competitive model of wage determination, a profit-maximizing firm will hire labor such that w =MPL where w is the wage and MPL is the marginal product of labor.
4.Assuming that the cost of the homemade version of a good stays constant, if the labor costs of the factory version of the same good increase while transport costs simultaneously decrease, the market area of the firm will shrink.
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