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Author Question: Under perfect competition, which of the following are the same (equal) at all levels of output? a. ... (Read 65 times)

jrubin

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on: Jun 30, 2018
Under perfect competition, which of the following are the same (equal) at all levels of output?
 a. Price and marginal cost.
  b. Price and marginal revenue.
  c. Marginal cost and marginal revenue.
  d. All of these.

Question 2

If bus travel is an inferior good, then its income elasticity of demand will be:
 a. strictly greater than one.
  b. positive.
  c. equal to zero.
  d. negative.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Viet Thy

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrubin

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Mochi

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Reply 3 on: Yesterday
Excellent

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