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Author Question: Production should be expanded if marginal cost is greater than marginal revenue. Indicate whether ... (Read 40 times)

TFauchery

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on: Jun 30, 2018
Production should be expanded if marginal cost is greater than marginal revenue.
  Indicate whether the statement is true or false

Question 2

Given that the value of individual production of Carol and Tessie is zero, while their combined production is positive, we may conclude that:
 a. any subset of the grand coalition can credibly threaten to block the coalition.
  b. the coalition is not individually rational.
  c. the core is empty.
  d. any allocation of payoffs from the coalition will lie within the core.


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joewallace

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

D


TFauchery

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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