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Author Question: Gains from trade can only occur when A) marginal rates of substitutions differ across people. B) ... (Read 112 times)

saliriagwu

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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
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dpost18

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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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saliriagwu

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Excellent

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