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Author Question: Low cost strategies are usually found in industries where a. Products are not particularly ... (Read 42 times)

PhilipSeeMore

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on: Jul 1, 2018
Low cost strategies are usually found in industries where
 a. Products are not particularly differentiated
  b. Price competition tends to be fierce
  c. Both a and b
  d. None of the above

Question 2

Which of the following is never negative?
 a. marginal product
  b. average product
  c. production elasticity
  d. marginal rate of technical substitution
  e. slope of the isocost lines


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AmberC1996

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

c

Answer to Question 2

b


PhilipSeeMore

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

ttt030911

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

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