« previous next »

Author Question: When two people trade their initial endowments to a point on the contract curve, only the level of ... (Read 60 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jul 1, 2018
When two people trade their initial endowments to a point on the contract curve, only the level of the endowments will determine the new allocation.
 
  Indicate whether the statement is true or false

Question 2

Suppose the short-run production function is q = 10  L. If the wage rate is 10 per unit of labor, then AFC equals
 
  A) 0.
  B) 1.
  C) 10/q.
  D) It cannot be determined from the information provided.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The respective bargaining abilities will also play a role in determining the final allocation.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The average adult has about 21 square feet of skin.

Initial velocities of enzyme-catalyzed reactions Initial velocities of enzyme-catalyzed reactions
Two-Point Threshold Device for Measuring Touch Acuity Two-Point Threshold Device for Measuring Touch Acuity
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Upward social mobility, though welcome, can place people in a world so different from their world of ... Upward social mobility, though welcome, can place people in a world so different from their world of ...
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
Set-Point Theory Set-Point Theory
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library