Determine Whether the Statement Is True or False

question 117

Essay

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.
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If h(x, y) = f(x)g(y), where f is continuous on [a, b] and g is continuous on [c, d], then
​ where .

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.

Excise Tax

A tax levied on specific goods, services, or transactions, often specific types of products such as gasoline, cigarettes, or alcohol.

Equilibrium Price

The cost at which the amount of a good consumers want to buy matches the amount producers are willing to sell, achieving a state of equilibrium in the market.

Allocative Efficiency

A state of the economy in which production is in line with consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.