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Author Question: Isoquants A) hold utility constant. B) hold capital constant. C) hold labor constant. D) hold ... (Read 70 times)

jeatrice

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on: Jul 1, 2018
Isoquants
 
  A) hold utility constant.
  B) hold capital constant.
  C) hold labor constant.
  D) hold output constant.

Question 2

A consumer's marginal willingness to pay
 
  A) changes with price.
  B) is equal to the marginal value to the consumer of the last unit of output.
  C) is the minimum price a consumer will pay for the last unit of output.
  D) is the first derivative of the demand curve.


meganmoser117

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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