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Author Question: Changes in the short-run total costs result from changes in only A) variable costs. B) fixed ... (Read 18 times)

K@

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on: Jul 1, 2018
Changes in the short-run total costs result from changes in only
 
  A) variable costs.
  B) fixed costs.
  C) zero.
  D) total fixed costs.

Question 2

The marginal rate of technical substitution always equals
 
  A) the slope of the total product curve.
  B) the ratio of the marginal products of inputs.
  C) the change in output due to a change in the amount of one input.
  D) the distance between two isoquants.


meltdown117

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

A

Answer to Question 2

B


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