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Author Question: If at the current output of X the P X> MC X, then society gains by (Read 66 times)

B

  • Hero Member
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  • Posts: 570
on: Apr 19, 2019

Question 1

Under perfect competition, the person that ends up with the marginal unit is the person that values it


◦ at an amount above its price.
◦ at an amount lower than its price.
◦ exactly at its price.
◦ above its marginal cost.

Question 2

If at the current output of X the 
P
X > 
MC
X, then society gains by


◦ producing more 
X.
◦ producing less 
X.
◦ raising the price of 
X.
◦ increasing the cost of producing 
X.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by B on Apr 19, 2019

debra928

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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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B

  • Member
  • Posts: 570
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Joy Chen

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  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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