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Author Question: Refer to Figure 4.2. The substitution effect on the quantity of clothing purchased is: A) the ... (Read 44 times)

savannahhooper

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on: Jul 1, 2018
Refer to Figure 4.2. The substitution effect on the quantity of clothing purchased is:
 
  A) the change from C3 to C1.
  B) the change from C3 to C2.
  C) the change from C2 to C1.
  D) the change from C1 to C2.
  E) none of the above

Question 2

A learning curve may be stated as L = A + BN-b where L is the labor per unit and N is the cumulative number of units produced. Learning does not occur when
 
  A) b = 0
  B) b = 1
  C) b > 0
  D) b < 0


Sassygurl126

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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