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Author Question: Joe and Rita each have some cookies and milk. Joe is willing to trade 2 cookies for an additional ... (Read 87 times)

joesmith1212

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on: Jul 1, 2018
Joe and Rita each have some cookies and milk. Joe is willing to trade 2 cookies for an additional ounce of milk. Rita is willing to trade 4 cookies for an additional ounce of milk. If trading is possible, which of the following is most likely to occur?
 
  A) Joe will give some milk to Rita in exchange for cookies.
  B) Rita will give some milk to Joe in exchange for cookies.
  C) No trade will take place since they both prefer to have more milk and fewer cookies.
  D) There is not enough information to make any predictions.

Question 2

A firm's marginal cost can always be thought of as the change in total cost if
 
  A) the firm produces one more unit of output.
  B) the firm buys one more unit of capital.
  C) the firm's average cost increases by 1.
  D) the firm moves to the next highest isoquant.
Microeconomics ¦ Perloff ¦ 8th Edition
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chinwesucks

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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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joesmith1212

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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