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Author Question: Given the information in Figure 18.1, the efficient output in the corbomite industry is: A) 0. ... (Read 31 times)

abern

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  • Posts: 533
on: Jul 1, 2018
Given the information in Figure 18.1, the efficient output in the corbomite industry is:
 
  A) 0.
  B) Q0.
  C) Q1.
  D) Q2.

Question 2

Refer to Scenario 16.3. What is Sally's marginal rate of substitution of tee shirts for candy at the current distribution?
 
  A) 9/4.
  B) 2
  C) 4/9.
  D) It is impossible to determine without the prices of each commodity.


softEldritch

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

D

Answer to Question 2

A


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