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Author Question: In a competitive marketplace, prices adjust until A) MRS's are equal to zero. B) excess supply ... (Read 132 times)

CBme

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on: Jul 1, 2018
In a competitive marketplace, prices adjust until
 
  A) MRS's are equal to zero.
  B) excess supply equals excess demand equals zero in all markets.
  C) each consumer has maximized utility subject to his budget constraint.
  D) all firms earn zero profit.

Question 2

Which of the following will cause the average cost curve of making cigarettes to shift?
 
  A) a 5 million penalty charged to each cigarette maker
  B) a 1 per pack tax on cigarettes
  C) a 1 an hour wage increase paid to all cigarette production workers
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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deja

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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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CBme

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Reply 2 on: Jul 1, 2018
:D TYSM

FergA

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

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