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Author Question: The greater the curvature of the isoquant: a. the greater the degree of substitutability between ... (Read 74 times)

c0205847

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on: Jun 30, 2018
The greater the curvature of the isoquant:
 a. the greater the degree of substitutability between the inputs.
  b. the lower the possibility of substitution between inputs.
  c. the higher the impact of a change in relative prices of inputs.
  d. the lower the prices of inputs.

Question 2

For which of the following types of firm does the average revenue curve coincide with the marginal revenue curve?
 a. A monopolist
  b. An oligopoly firm
  c. A monopolistically competitive firm
  d. A perfectly competitive firm
  e. A monopsonist


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IAPPLET

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

B

Answer to Question 2

d


c0205847

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Excellent

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