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Author Question: The shape of an experience curve suggests that A) specialization does not matter. B) learning does ... (Read 35 times)

maychende

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on: Jun 30, 2018
The shape of an experience curve suggests that
 A) specialization does not matter.
  B) learning does not pay.
  C) experience can lower costs.
  D) none of these choices.

Question 2

The halfway-point between the buyer's valuation and the seller's opportunity cost is:
 a. sometimes a focal point.
  b. where the two parties invariably agree to transact.
  c. outside the core.
  d. inside the utility possibility frontier.


micaelaswann

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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