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Author Question: The marginal cost curve intersects the average fixed, average variable, and average total cost ... (Read 390 times)

folubunmi

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on: Jun 29, 2018
The marginal cost curve intersects the average fixed, average variable, and average total cost curves all at their minimum points.
 
  Indicate whether the statement is true or false

Question 2

If the income effect is larger than the substitution effect, then a wage hike will be accompanied by an increase in the quantity of labor supplied.
 
  Indicate whether the statement is true or false


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abro1885

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

FALSE


folubunmi

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Reply #2 on: Jun 29, 2018
Correct answers!


abro1885

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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