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Author Question: An efficient allocation of productive inputs requires that: a. each output has the same rate of ... (Read 54 times)

DelorasTo

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on: Jul 1, 2018
An efficient allocation of productive inputs requires that:
 a. each output has the same rate of technical substitution among inputs used.
  b. each output has the same marginal rate of substitution for consumers.
  c. each pair of outputs has the same rate of product transformation.
  d. each individual has the same marginal rate of substitution between outputs.

Question 2

The lower the barriers to entry and exit, the more nearly a market structure fits the ____ market model.
 a. monopolistic competition
  b. perfectly contestable
  c. oligopoly
  d. monopoly
  e. none of the above


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Ptupou85

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

a

Answer to Question 2

b


DelorasTo

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

parshano

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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