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Author Question: In his book The Wealth of Nations, Adam Smith employed the example of a pin factory in order to ... (Read 55 times)

nenivikky

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on: Jun 29, 2018
In his book The Wealth of Nations, Adam Smith employed the example of a pin factory in order to explain what economic concept?
 
  A) why no firm would want to hire so many workers as to experience a negative marginal product of labor
  B) the relationship between the marginal and average product of labor
  C) the law of diminishing returns
  D) the division of labor

Question 2

Refer to Figure 13-8. At the profit-maximizing output level the firm will
 
  A) earn a profit of 60. B) break even.
  C) earn a profit of 176. D) earn a profit of 88.
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dmurph1496

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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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nenivikky

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Reply 2 on: Jun 29, 2018
:D TYSM

patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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