« previous next »

Author Question: When two people trade their initial endowments to a point on the contract curve, only the level of ... (Read 52 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jul 1, 2018
When two people trade their initial endowments to a point on the contract curve, only the level of the endowments will determine the new allocation.
 
  Indicate whether the statement is true or false

Question 2

Suppose the short-run production function is q = 10  L. If the wage rate is 10 per unit of labor, then AFC equals
 
  A) 0.
  B) 1.
  C) 10/q.
  D) It cannot be determined from the information provided.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The respective bargaining abilities will also play a role in determining the final allocation.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Homeless people sleeping on the streets is a common sight in India’s cities. I took this photo in ... Homeless people sleeping on the streets is a common sight in India’s cities. I took this photo in ...
Transatlantic Slave Trade Transatlantic Slave Trade
What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ... What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ...
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library