This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The condition P= MC implies that (Read 5 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Apr 19, 2019

Question 1

In order to have an efficient distribution of final products to households


◦ free and open markets are essential.
◦ households must maximize their income.
◦ the equity criterion must be satisfied.
◦ there can be no unemployment.

Question 2

The condition 
P = 
MC implies that


◦ there is no consumer surplus for any consumer.
◦ an individual who values the product at more than 
P will receive consumer surplus.
◦ an individual who values the product at less than 
P will receive consumer surplus.
◦ the amount of consumer surplus is infinite.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bobbysung on Apr 19, 2019

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Apr 19, 2019
Wow, this really help

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
Placenta previa. The condition is caused by the development of the placenta over the cervical canal, Placenta previa. The condition is caused by the development of the placenta over the cervical canal,
Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort
Dermatitis herpetiformis is a blistering skin condition associated with celiac disease. Dermatitis herpetiformis is a blistering skin condition associated with celiac disease.
Video: Prone Position

For a complete list of videos, visit our video library