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Author Question: True or false? The Edgeworth box version of interpersonal trade requires the individuals to be in ... (Read 42 times)

shenderson6

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True or false? The Edgeworth box version of interpersonal trade requires the individuals to be in close proximity of one another.
 
  A) True, that way they can see each other's endowments and prices.
  B) False, being in close proximity is not required for mutually beneficial trade to occur in the Edgeworth box.
  C) True, the Edgeworth box only works when there folks see eye-to-eye.
  D) False, although prices are only valid if they are communicated in person.

Question 2

In the short run, marginal cost is minimized when
 
  A) MPL is maximized.
  B) MPL equals zero.
  C) APL is maximized.
  D) APL equals zero.


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Bigfoot1984

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shenderson6

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Reply 2 on: Jul 1, 2018
Excellent


mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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