Firms a and b have the same current ratio, 0.75, the same amount of sales and cost of goods sold, and the same amount of current liabilities. however, firm a has a higher inventory turnover ratio than b. therefore, we can conclude that a's quick ratio must be smaller than b's.
a) true
b) false

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?