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Author Question: FIGURE 8-1Refer to Figure 8-1. Which of the four firms in the figure is displaying decreasing ... (Read 70 times)

bryantpr01

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on: Oct 12, 2022

Question 1

Which of the following conditions indicate cost minimization, assuming two inputs, labour (L) and capital (K)?
◦ PK ∙ MPK = PL ∙ MPL
◦ PK = PL
◦ MPK/PL = MPL/PK
◦ MPK/PK = MPL/PL
◦ MPL = MPK

Question 2




FIGURE 8-1

Refer to Figure 8-1. Which of the four firms in the figure is displaying decreasing returns to scale at all output levels?


◦ Firm A
◦ Firm B
◦ Firm C
◦ Firm D
◦ All firms are displaying increasing returns to scale.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bryantpr01 on Oct 12, 2022

sin

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Reply #1 on: Oct 12, 2022
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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bryantpr01

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ebonylittles

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Reply 3 on: Yesterday
Excellent

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