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Author Question: The Paradox of Value is resolved by the willingness for an individual to pay a high price for a good ... (Read 28 times)

mp14

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on: Jun 29, 2018
The Paradox of Value is resolved by the willingness for an individual to pay a high price for a good or service that has a high marginal utility per dollar.
 
  Indicate whether the statement is true or false

Question 2

The average total cost curves for plants A, B, C, and D are shown in the above figure. It is possible that the long-run average cost curve runs through points
 
  A) a, b, and c.
  B) b, d, and e.
  C) d, e, and f.
  D) c and d.


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Jevvish

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

FALSE

Answer to Question 2

C


mp14

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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

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