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Author Question: In a competitive equilibrium, the total consumer surplus must equal the total producer surplus. ... (Read 119 times)

Themember4

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on: Jun 29, 2018
In a competitive equilibrium, the total consumer surplus must equal the total producer surplus.
 
  Indicate whether the statement is true or false

Question 2

Advertising costs are ________ costs and the per unit cost of advertising ________ as production increases.
 
  A) fixed; increases
  B) variable; increases
  C) fixed; decreases
  D) variable; does not change


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macybarnes

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

FALSE

Answer to Question 2

C


Themember4

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Reply 2 on: Jun 29, 2018
:D TYSM

kjohnson

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Reply 3 on: Yesterday
Excellent

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