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Author Question: When output is less than the efficient level, (Read 49 times)

nummyann

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on: May 24, 2019
When output is less than the efficient level,
◦ consumers are willing to pay more for another unit than it costs to produce the unit.
◦ the amount consumers are willing to pay equals the cost of production.
◦ the cost of production is greater than the price consumers are willing to pay.
◦ the production costs can't be measured.
◦ the marginal cost of producing the good must be greater than the marginal benefit from the good.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by nummyann on May 24, 2019

britb2u

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Reply #1 on: May 24, 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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nummyann

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Reply #2 on: May 24, 2019
Thanks


britb2u

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Reply #3 on: May 24, 2019
Welcome :)


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