This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain why having different marginal rates of substitution is necessary for trade to occur. What ... (Read 76 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Explain why having different marginal rates of substitution is necessary for trade to occur.
 
  What will be an ideal response?

Question 2

When a firm produces one unit, the variable cost is 3. When the firm produces two units, the variable cost is 6. What is the marginal cost associated with two units of production?
 
  A) 2
  B) 0.5
  C) 6
  D) 3
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

k2629

  • Sr. Member
  • ****
  • Posts: 357
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.
Answer Preview
Only 42% of students answer this correctly


imowrer

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jul 1, 2018
Thank you :)


k2629

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
U.S. Cancer Death Rates U.S. Cancer Death Rates
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
How to integrate using inverse trigonometric substitution (Question 2) How to integrate using inverse trigonometric substitution (Question 2)
Prevalence rates of obesity in the United States, 2014 Prevalence rates of obesity in the United States, 2014
Video: Osmosis - water transport

For a complete list of videos, visit our video library