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Author Question: Suppose that additional units of capital affect the marginal productivity of labor. This is not ... (Read 109 times)

armygirl

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on: Jul 1, 2018
Suppose that additional units of capital affect the marginal productivity of labor. This is not unrealistic. Word processors increase the marginal productivity of secretaries.
 
  On the other hand, robotic equipment can completely replace a worker and, thereby, lower the marginal productivity of labor. Given this possibility, determine the conditions under which isoquants will not be convex (i.e., concave).

Question 2

One method for solving the adverse selection problem is
 
  A) to restrict the ability of the party with information from taking advantage of hidden information.
  B) by having the government run all firms.
  C) to close down firms with bad reputations.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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spencer.martell

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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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armygirl

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Reply #2 on: Jul 1, 2018
Thank you :)


spencer.martell

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Reply #3 on: Jul 1, 2018
Happy to help you


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