The shape of an experience curve suggests that A) specialization ...

[maychende]

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]

Answer to Question 1

C

Answer to Question 2

A