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Author Question: Marginal cost A) cuts average variable cost and average fixed cost at their lowest point. B) cuts ... (Read 69 times)

Bob-Dole

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on: Jun 30, 2018
Marginal cost
 A) cuts average variable cost and average fixed cost at their lowest point.
  B) cuts average variable cost and average total cost at their lowest point.
  C) rises and then falls.
  D) is the mirror image of marginal product.

Question 2

When the core is empty, the proposals and counter proposals of the individuals can cycle without ever settling into an unblockable allocation.
  Indicate whether the statement is true or false


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SVictor

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

T


Bob-Dole

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


SVictor

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


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