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Author Question: What is the fundamental principle that economists use when evaluating the costs and benefits of ... (Read 81 times)

jace

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on: Jun 30, 2018
What is the fundamental principle that economists use when evaluating the costs and benefits of production?
 
  A) cost of goods principle B) production principle
  C) marginal principle D) supply and demand principle

Question 2

In the income-expenditure model, equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line. Explain why this output level is an equilibrium level.
 
  Illustrate your answer with a diagram of the income-expenditure model.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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InfiniteSteez

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Reply #1 on: Jun 30, 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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jace

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Reply #2 on: Jun 30, 2018
Thank you :)


InfiniteSteez

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Reply #3 on: Jun 30, 2018
Happy to help you


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