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

Author Question: For allocative efficiency to hold A) average total cost is minimized in production. B) average ... (Read 86 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
For allocative efficiency to hold
 
  A) average total cost is minimized in production.
  B) average variable cost is minimized in production.
  C) price must equal the marginal cost of the last unit produced.
  D) price must equal marginal revenue of the last unit sold.

Question 2

For productive efficiency to hold
 
  A) average variable cost is minimized in production.
  B) average total cost is minimized in production.
  C) price must equal the marginal cost of the last unit produced.
  D) price must equal marginal revenue of the last unit sold.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amynguyen1221

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
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 49% of students answer this correctly


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
:D TYSM

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Abiotic production of biomolecules Abiotic production of biomolecules
Global Coffee Production Global Coffee Production
Scoop from (A) shoulders to (B) heels. Hold feet in one hand; with other hand use the palm to apply ... Scoop from (A) shoulders to (B) heels. Hold feet in one hand; with other hand use the palm to apply ...
Effleurage along cervical and upper trapezius muscles from occiput to shoulder. Hold head in lateral ... Effleurage along cervical and upper trapezius muscles from occiput to shoulder. Hold head in lateral ...
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library