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Author Question: True or false? The Edgeworth box version of interpersonal trade requires the individuals to be in ... (Read 32 times)

shenderson6

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True or false? The Edgeworth box version of interpersonal trade requires the individuals to be in close proximity of one another.
 
  A) True, that way they can see each other's endowments and prices.
  B) False, being in close proximity is not required for mutually beneficial trade to occur in the Edgeworth box.
  C) True, the Edgeworth box only works when there folks see eye-to-eye.
  D) False, although prices are only valid if they are communicated in person.

Question 2

In the short run, marginal cost is minimized when
 
  A) MPL is maximized.
  B) MPL equals zero.
  C) APL is maximized.
  D) APL equals zero.


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Bigfoot1984

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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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shenderson6

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


Sarahjh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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