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Author Question: In a decreasing-cost industry, the entry of new firms lowers average cost at each level of output. ... (Read 178 times)

craiczarry

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on: Jun 29, 2018
In a decreasing-cost industry, the entry of new firms lowers average cost at each level of output.
 
  Indicate whether the statement is true or false

Question 2

The marginal rate of substitution is determined by the slope of an indifference curve.
 
  Indicate whether the statement is true or false
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smrtceo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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craiczarry

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Reply #2 on: Jun 29, 2018
Thank you


smrtceo

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Reply #3 on: Jun 29, 2018
No problemo


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