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Author Question: The typical shape of an isoquant is A) linear and upward sloping. B) convex towards the origin. ... (Read 65 times)

Diane

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on: Jun 29, 2018
The typical shape of an isoquant is
 
  A) linear and upward sloping. B) convex towards the origin.
  C) concave towards the origin. D) linear and downward sloping.

Question 2

A perfectly competitive industry achieves allocative efficiency because
 
  A) goods and services are produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it.
  B) firms carry production surpluses.
  C) it produces where market price equals marginal production cost.
  D) goods and services are produced at the lowest possible cost.
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emsimon14

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Reply #1 on: Jun 29, 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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Diane

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Reply 2 on: Jun 29, 2018
Excellent

dreamfighter72

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

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