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Author Question: If MRS's are equal across all consumers, then the efficient product mix has been achieved. ... (Read 67 times)

stock

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on: Jul 1, 2018
If MRS's are equal across all consumers, then the efficient product mix has been achieved.
 
  Indicate whether the statement is true or false

Question 2

Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, the firm's cost function is
 
  A) TC = (w/r)  q.
  B) TC = (w + r)/q.
  C) TC = (w + r).
  D) TC = (w + r)  q.
Microeconomics ¦ Perloff ¦ 8th Edition
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chloejackso

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Reply #1 on: Jul 1, 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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stock

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

connor417

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Reply 3 on: Yesterday
Excellent

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