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Author Question: The condition P= MC implies that (Read 46 times)

bobbysung

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on: Apr 19, 2019

Question 1

In order to have an efficient distribution of final products to households


◦ free and open markets are essential.
◦ households must maximize their income.
◦ the equity criterion must be satisfied.
◦ there can be no unemployment.

Question 2

The condition 
P = 
MC implies that


◦ there is no consumer surplus for any consumer.
◦ an individual who values the product at more than 
P will receive consumer surplus.
◦ an individual who values the product at less than 
P will receive consumer surplus.
◦ the amount of consumer surplus is infinite.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbysung on Apr 19, 2019

lcapri7

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Reply #1 on: Apr 19, 2019
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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bobbysung

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Reply 2 on: Apr 19, 2019
Wow, this really help

kishoreddi

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

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