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Author Question: Collective action is successful to the extent that it improves the welfare of those who participate ... (Read 51 times)

Yolanda

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on: Jul 1, 2018
Collective action is successful to the extent that it improves the welfare of those who participate in it.
 
  a. True b. False

Question 2

Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. The firm currently produces q1 units. If all inputs doubled, the new level of output will equal
 
  A) 20.4 q1.
  B) 20.8 q1.
  C) 0.8 q1.
  D) 1.6 q1.


zenzy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

B


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