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Author Question: Every point on the joint production possibilities frontier represents A) an initial endowment. ... (Read 70 times)

cagreen833

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on: Jul 1, 2018
Every point on the joint production possibilities frontier represents
 
  A) an initial endowment.
  B) inefficient production.
  C) the marginal rate of substitution of goods for each producer.
  D) at least one producer specializing in production.

Question 2

Explain why the marginal cost curve intersects a U-shaped average cost curve at its minimum point.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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af

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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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cagreen833

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Reply 2 on: Jul 1, 2018
Gracias!

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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