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Author Question: In order to assure allocative efficiency: a. people's marginal rate of substitution must equal the ... (Read 111 times)

anshika

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on: Jul 1, 2018
In order to assure allocative efficiency:
 a. people's marginal rate of substitution must equal the economy's rate of product transformation.
  b. people's marginal rate of substitution must equal the firm's rate of technical substitution among inputs.
  c. a firm's rate of technical substitution must equal the economy's rate of product transformation.
  d. all of the above.

Question 2

The antitrust laws regulate all of the following business decisions except ____.
 a. collusion
  b. mergers
  c. monopolistic practices
  d. price discrimination
  e. wage levels


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mfedorka

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

e


anshika

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Reply #2 on: Jul 1, 2018
Thank you


mfedorka

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Reply #3 on: Jul 1, 2018
No problemo


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