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Author Question: The supply curve for a perfectly competitive firm is its marginal cost curve for all levels of ... (Read 147 times)

moongchi

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on: Jun 30, 2018
The supply curve for a perfectly competitive firm is its marginal cost curve for all levels of output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

At the point where total utility is at its peak, marginal utility is:
 a. zero.
  b. positive.
  c. negative.
  d. positive, but declining.
  e. positive, but increasing.


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upturnedfurball

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

False

Answer to Question 2

a


moongchi

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  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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