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corie corie
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6 years ago
Suppose an economy produces milk and honey, and milk is plotted along the horizontal axis of the production possibilities frontier.  The MRT is 2.5 at the current point of production, and the price of honey is $5 per unit.  What is the current price of milk if the market outcome is efficient?
A) $12.50 per unit
B) $10 per unit
C) $2 per unit
D) $1 per unit
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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6 years ago
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corie Author
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6 years ago
You make an excellent tutor!
linlinlin
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Yesterday
Good timing, thanks!
larrybrads
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2 hours ago
Correct Slight Smile TY
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