« previous next »

Author Question: Gains from trade will be possible as long as A) levels of utility differ. B) utility functions ... (Read 120 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Gains from trade will be possible as long as
 
  A) levels of utility differ.
  B) utility functions differ.
  C) marginal rates of substitution differ.
  D) endowments differ.

Question 2

Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q. Which of the following statements is TRUE at all levels of production?
 
  A) MC = AVC
  B) MC = AC
  C) MC > AFC
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
Checking the freezing and boiling protection levels of the coolant using a hydrometer. Checking the freezing and boiling protection levels of the coolant using a hydrometer.
How to find the derivatives of inverse hyperbolic functions How to find the derivatives of inverse hyperbolic functions
Rising sea levels will affect millions in coastal zones and on islands Rising sea levels will affect millions in coastal zones and on islands
How Long Do You Ovulate After Your Period? How Long Do You Ovulate After Your Period?
Endocrine System: Facts, Functions and Diseases Endocrine System: Facts, Functions and Diseases
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library