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Author Question: A two-good economy is in a competitive equilibrium. The price of a piece of candy is 2 and the price ... (Read 68 times)

mia

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on: Jul 1, 2018
A two-good economy is in a competitive equilibrium. The price of a piece of candy is 2 and the price of a desk is 12. The marginal cost of candy is given by MCc = 2Qc and the marginal cost of a desk is MCd = 4 + 4Qd. The current production level of candy is one piece. What is the output of desks?
 
  A) Qd = 1
  B) Qd = 2
  C) Qd = 4
  D) Qd = 5

Question 2

If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is 5, what is the rental rate for capital in dollars?
 
  A) .5
  B) 1
  C) 2
  D) 10
Microeconomics ¦ Perloff ¦ 8th Edition
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Yixagurpuldink

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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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mia

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Reply 2 on: Jul 1, 2018
Excellent

DylanD1323

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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