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Author Question: Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive ... (Read 43 times)

pepyto

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on: Jul 1, 2018
Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive equilibrium. The marginal cost of a piece of candy is given by MCc = 4Qc and the marginal cost of a desk is MCd = 2 + Qd. The current production level of candy (Qc) is 4 pieces and of desks (Qd) is 30. What can be said about the marginal utility of candy (MUc) and the Marginal utility of desks (MUd)?
 
  A) 3MUc = MUd
  B) MUc = 0.5MUd
  C) MUc = MUd = 4
  D) MUc = 2MUd

Question 2

Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, an increase in the price of shovels will result in
 
  A) fewer shovels being purchased to produce the same number of trenches.
  B) more workers being hired to produce the same number of trenches.
  C) the firm wishing to produce more trenches.
  D) no change in the firm's input mix.
Microeconomics ¦ Perloff ¦ 8th Edition
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soda0602

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Reply #1 on: Jul 1, 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.
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pepyto

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Bigfoot1984

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Reply 3 on: Yesterday
Excellent

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