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Author Question: In the figure above, the marginal rate of substitution (MRS) at point A is equal to ________ pounds ... (Read 95 times)

Destiiny22

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on: Jun 29, 2018
In the figure above, the marginal rate of substitution (MRS) at point A is equal to ________ pounds of pickles per pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2

Question 2

Under monopolistic competition, firms make zero economic profit in the long run and produce at the minimum ATC.
 
  Indicate whether the statement is true or false


AaaA

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

C

Answer to Question 2

FALSE


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