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Author Question: If society will gain by producing more X, then it must be the case that currently (Read 42 times)

tichca

  • Hero Member
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  • Posts: 554
on: Apr 19, 2019

Question 1

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


◦ producing more 
X.
◦ producing less 
X.
◦ lowering the price of 
X.
◦ increasing the cost of producing 
X.

Question 2

If society will gain by producing more 
X, then it must be the case that currently


◦ P
X = 
MC
X.
◦ P
X > 
MC
X.
◦ P
X < 
MC
X.
◦ either 
P
X > 
MC
X or 
P
X < 
MC
X.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tichca on Apr 19, 2019

Kdiggy

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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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tichca

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Reply #2 on: Apr 19, 2019
TY


Kdiggy

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Reply #3 on: Apr 19, 2019
You're welcome


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