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Author Question: The market for renewable resources often fail to allocate the resources to their highest-valued ... (Read 222 times)

nmorano1

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on: Jun 30, 2018
The market for renewable resources often fail to allocate the resources to their highest-valued uses.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run average total cost curve represents:
 a. the maximum cost of producing any level of output when all the factors are fixed.
  b. the lowest cost of producing any level of output when all the factors are variable.
  c. the maximum cost of producing any level of output when all the factors are variable.
  d. the lowest cost of producing any level of output when all the factors are fixed.
  e. the lowest cost of producing any level of output when at least one factor is fixed.


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steff9894

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

False

Answer to Question 2

b


nmorano1

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Reply #2 on: Jun 30, 2018
Correct answers!


steff9894

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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