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Author Question: Suppose a society's PPF for food (F) and clothing (C) can be written as 25 = F2 + C2. If all ... (Read 48 times)

nmorano1

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on: Jul 1, 2018
Suppose a society's PPF for food (F) and clothing (C) can be written as 25 = F2 + C2. If all consumers have the same endowment and the same utility function Ui = Fi  Ci, what is the efficient product mix of food and clothing?
 
  What will be an ideal response?

Question 2

A change in relative factor prices will always result in
 
  A) a change in the slope of the isoquants.
  B) a tangency between the new isocost line and a new isoquant.
  C) a rotation of the isocost lines.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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kristenb95

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Reply #1 on: Jul 1, 2018
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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nmorano1

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ultraflyy23

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

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