If MPK = 3, and MRTS = -4 what is MPL?
A) 12
B) -12
C) 4/3
D) -4/3
A
Economics
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The consumption possibilities curve shows the combinations of goods that can be
A) consumed by a nation after trading begins. B) produced by a nation after trade begins. C) produced by a nation before trading begins. D) consumed by a nation before trade begins.
Economics
Suppose n identical Cournot firms purchase labor in a competitive labor market. How is the market demand for labor affected by the number of firms in the market?
What will be an ideal response?
Economics