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Home Q & A Board Other Fields Homework Help Business Economics
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victor.m.rojas2 victor.m.rojas2
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4 years ago

Question 1.

________ is a good measure of what society gives up by using resources to produce more of a good or service.



▸ Marginal revenue

▸ Marginal revenue product

▸ Marginal cost

▸ Total cost of production

Question 2.

Absent market imperfections, when firms ________ profits and households ________ utility Pareto optimality has been obtained.



▸ maximize; maximize

▸ maximize; minimize

▸ minimize; maximize

▸ minimize; minimize
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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MikaelDevostMikaelDevost
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4 years ago
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#2
4 years ago
Good timing, thanks!
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