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Author Question: At Joey's Lawncutting Service, a lawn mower cannot cut grass without a laborer. A laborer cannot cut ... (Read 142 times)

NClaborn

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At Joey's Lawncutting Service, a lawn mower cannot cut grass without a laborer. A laborer cannot cut grass without a lawn mower.
 
  Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when capital per day is on the vertical axis and labor per day is on the horizontal axis? A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D

Question 2

Which of the following would not be a Pareto superior move?
 
  a. A market exchange.
  b. A group that unanimously decides to undertake an activity.
  c. A group that decides by majority rule to undertake an activity.
   d. A contingent contract for a group to undertake an activity at some time in the future.


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cclemon1

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NClaborn

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Reply 2 on: Jul 1, 2018
Excellent


parshano

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

 

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