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Author Question: What are the conditions that an exchange must satisfy in order to make two individuals participate ... (Read 52 times)

nautica902

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on: Jun 30, 2018
What are the conditions that an exchange must satisfy in order to make two individuals participate in it?

Question 2

Economies of scale exist when the long-run average-total-cost curve is positively sloped.
 a. True
  b. False
  Indicate whether the statement is true or false


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ebonylittles

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

Two individuals or parties will enter into a deal to exchange economic goods only when the result makes both of them better-off. The deal must be voluntary on both sides and must benefit both parties involved.

Answer to Question 2

False


nautica902

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

AISCAMPING

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

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