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Author Question: Choose the statement that best describes how endogenous variables differ from exogenous variables. (Read 210 times)

bvyeehaw

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on: Oct 12, 2022

Question 1

Figure 2-5 shows monthly average (per unit) production costs for producing Good X.



FIGURE 2-5
Refer to Figure 2-5. What is the slope of this non-linear function when 1200 units per month are being produced?


◦ -2
◦ -0.25
◦ 0.25
◦ -4
◦ 4

Question 2

Choose the statement that best describes how endogenous variables differ from exogenous variables.
◦ An endogenous variable is explained within the theory, while an exogenous variable influences the endogenous variables but is determined outside the theory.
◦ An endogenous variable is explained outside the theory and influences an exogenous variable while an exogenous variable is explained within the theory.
◦ An exogenous variable is a function of the endogenous variable, and both are flow variables.
◦ An endogenous variable is a flow, while an exogenous variable is a stock.
◦ An endogenous variable is a function of the exogenous variable, and both are stock variables.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bvyeehaw on Oct 12, 2022

MajorWaffle

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Reply #1 on: Oct 12, 2022
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.
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bvyeehaw

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Wow, this really help

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