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Author Question: Transaction costs increase the economic value of an exchange. Indicate whether the statement is ... (Read 35 times)

danielfitts88

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on: Jun 30, 2018
Transaction costs increase the economic value of an exchange.
  Indicate whether the statement is true or false

Question 2

When more and more units of a variable factor are combined with constant amount of a fixed factor, such that the variable factor becomes abundant compared to the fixed factor, the output will eventually:
 a. increase at an increasing rate.
  b. increase at a diminishing rate.
  c. increase at a constant rate.
  d. become constant.
  e. fall to zero.


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ErinKing

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

F

Answer to Question 2

b


danielfitts88

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

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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