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Author Question: For allocative efficiency to hold A) average total cost is minimized in production. B) average ... (Read 130 times)

FButt

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on: Jun 29, 2018
For allocative efficiency to hold
 
  A) average total cost is minimized in production.
  B) average variable cost is minimized in production.
  C) price must equal the marginal cost of the last unit produced.
  D) price must equal marginal revenue of the last unit sold.

Question 2

For productive efficiency to hold
 
  A) average variable cost is minimized in production.
  B) average total cost is minimized in production.
  C) price must equal the marginal cost of the last unit produced.
  D) price must equal marginal revenue of the last unit sold.
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amynguyen1221

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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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FButt

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Reply 2 on: Jun 29, 2018
Excellent

lindahyatt42

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

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