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

Author Question: Explain why having different marginal rates of substitution is necessary for trade to occur. What ... (Read 85 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Explain why having different marginal rates of substitution is necessary for trade to occur.
 
  What will be an ideal response?

Question 2

When a firm produces one unit, the variable cost is 3. When the firm produces two units, the variable cost is 6. What is the marginal cost associated with two units of production?
 
  A) 2
  B) 0.5
  C) 6
  D) 3
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

k2629

  • Sr. Member
  • ****
  • Posts: 357
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 42% of students answer this correctly


imowrer

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jul 1, 2018
Thank you :)


k2629

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Rates of Childhood Overweight and Obesity Worldwide The highest rates occur in the most affluent re Rates of Childhood Overweight and Obesity Worldwide The highest rates occur in the most affluent re
A pharmacist can explain to a patient why medication may look different and ensure the correct ... A pharmacist can explain to a patient why medication may look different and ensure the correct ...
How to solve a linear system by the substitution method How to solve a linear system by the substitution method
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Post-term birth rates, by province/territory, Canada Post-term birth rates, by province/territory, Canada
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library