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Author Question: For a given set of prices, two consumers choose bundles that are off the contract curve. In a ... (Read 93 times)

lak

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on: Jul 1, 2018
For a given set of prices, two consumers choose bundles that are off the contract curve. In a competitive market,
 
  A) prices will adjust until the consumers choose bundles that are on the contract curve.
  B) the indifference curves will shift back to the contract curve.
  C) the contract curve will shift to connect these bundles.
  D) no adjustments need to be made.

Question 2

A windfall profit tax imposed on oil companies would shift the firms'
 
  A) marginal tax rate.
  B) marginal cost curve.
  C) average cost curve.
  D) production function.
Microeconomics ¦ Perloff ¦ 8th Edition
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Moriaki

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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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lak

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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

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