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Author Question: Society will produce the efficient mix of output if all firms equate (Read 17 times)

javeds

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on: Apr 19, 2019

Question 1

________ reflects household willingness to pay, and ________ reflects the opportunity cost of the resources needed to produce a good.


◦ Marginal utility; price
◦ Price; marginal cost
◦ Price; average total cost
◦ Demand; price

Question 2

Society will produce the efficient mix of output if all firms equate


◦ price and marginal cost.
◦ price and average total cost.
◦ marginal cost and average total cost.
◦ price and marginal revenue.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by javeds on Apr 19, 2019

olivia_paige29

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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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javeds

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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