This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Competition results in the efficient product mix because A) producers are setting MRT equal to ... (Read 188 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
Competition results in the efficient product mix because
 
  A) producers are setting MRT equal to minus the price ratio while consumers are setting MRS equal to minus the price ratio ensuring that MRT will equal MRS.
  B) consumers are on the contract curve.
  C) the slope of the production possibility frontier will equal the slope of the contract curve.
  D) the distribution of the final output is Pareto efficient.

Question 2

If an isocost line crosses the isoquant twice, a cost minimizing firm will
 
  A) use a different isocost line to select the bundle of inputs.
  B) use the input bundle associated with the intersection on the higher point of the isoquant.
  C) use the input bundle associated with the intersection on the lower point of the isoquant.
  D) Both B and C.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
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.
Answer Preview
Only 35% of students answer this correctly


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Gracias!

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Competition among Paramecium species. Competition among Paramecium species.
Public setting Public setting
Pyruvate oxidation results in three changes to pyruvate: Pyruvate oxidation results in three changes to pyruvate:
Refraction and the Setting or Rising Sun Refraction and the Setting or Rising Sun
Example of simplified note for a nonmedical setting. Example of simplified note for a nonmedical setting.
Benedict's test results Benedict's test results
Video: Eczema

For a complete list of videos, visit our video library