If an economy experiences increasing prospect costs

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Q. Class discussion/exercise on relationships between productions also cost, highlighting the equivalence between diminishing marginal productivity also increasing marginal costs. Given a table of data representing a short-run production function (levels of the inconsistent input also the associated total product), Compute marginal also standard products also Conclude the input level where diminishing returns begins.

Q. gives 3 good reasons why someone might choose to pay $1150for health insurance when the actuarially fair premium was only $900

Q. If an economy experiences increasing prospect costs with respect to two goods, then the production-possibilities curve between the two goods will be

Reference no: EM1323160

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