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Author Question: Scarcity applies to both the rich and the poor. Indicate whether the statement is true or ... (Read 143 times)

oliviahorn72

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on: Jun 29, 2018
Scarcity applies to both the rich and the poor.
 
  Indicate whether the statement is true or false

Question 2

Economic efficiency occurs when the firm produces a given output
 
  A) by using the least amount of inputs.
  B) by using the maximum amount of inputs.
  C) at the least cost.
  D) at the greatest cost.


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gcook

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


oliviahorn72

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Excellent

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