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Author Question: The function of economic institutions is to: a. determine the profit margin of producers. b. ... (Read 54 times)

cool

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The function of economic institutions is to:
 a. determine the profit margin of producers.
  b. determine how much an economy benefits from trade.
  c. define the environment in which we can trade.
  d. define the terms of trade between nations.

Question 2

The marginal cost curve intersects the average total cost curve at the firm's most efficient point of production.
 a. True
  b. False
  Indicate whether the statement is true or false



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234sdffa

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Answer to Question 1

C

Answer to Question 2

True





 

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