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Author Question: What is TRUE about every point along a utilities possibilities frontier? A) Markets are perfectly ... (Read 22 times)

Mollykgkg

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What is TRUE about every point along a utilities possibilities frontier?
 
  A) Markets are perfectly competitive.
  B) It is possible to move to from one point on the frontier to another point and make everyone better off.
  C) All allocations are efficient.
  D) It includes some unattainable points.

Question 2

Refer to Figure 9.6. As a result of this policy, producer surplus will be
 
  A) 2000.
  B) 3375.
  C) 4500.
  D) 6000.
  E) 12,000.



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jackie

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Answer to Question 1

C

Answer to Question 2

C




Mollykgkg

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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