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Author Question: What is TRUE about every point along a utilities possibilities frontier? A) Markets are perfectly ... (Read 25 times)

Mollykgkg

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on: Jul 1, 2018
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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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Mollykgkg

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

Laurenleakan

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Reply 3 on: Yesterday
Excellent

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