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

Author Question: Gains from trade can only occur when A) marginal rates of substitutions differ across people. B) ... (Read 124 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
Gains from trade can only occur when
 
  A) marginal rates of substitutions differ across people.
  B) marginal rates of substitution are equal across people.
  C) indifference curves are convex.
  D) people find themselves on the contract curve.

Question 2

Variable costs are
 
  A) a production expense that does not vary with output.
  B) a production expense that changes with the quantity of output produced.
  C) equal to total cost divided by the units of output produced.
  D) the amount by which a firm's cost changes if the firm produces one more unit of output.
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

dpost18

  • Sr. Member
  • ****
  • Posts: 345
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 64% of students answer this correctly


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Jul 1, 2018
Wow, this really help

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
Waterspouts are tornadoes that occur over warm-water bodies, instead of over land. Waterspouts are tornadoes that occur over warm-water bodies, instead of over land.
Does pregnancy occur during breastfeeding? "هل يحدث حمل أثناء الرضاعة Does pregnancy occur during breastfeeding? "هل يحدث حمل أثناء الرضاعة
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Video: Aneurysm

For a complete list of videos, visit our video library