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Author Question: The function of economic institutions is to: a. determine the profit margin of producers. b. ... (Read 14 times)

cool

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on: Jun 30, 2018
The function of economic institutions is to:
 a. determine the profit margin of producers.
  b. determine how much an economy benefits from trade.
  c. define the environment in which we can trade.
  d. define the terms of trade between nations.

Question 2

The marginal cost curve intersects the average total cost curve at the firm's most efficient point of production.
 a. True
  b. False
  Indicate whether the statement is true or false


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234sdffa

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

C

Answer to Question 2

True


cool

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


234sdffa

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


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