Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a lower cost. cassie and david each want to purchase a high-resolution computer monitor, but david is willing to pay more than cassie. if firm b produces a monitor that david buys, then the market outcome illustrates which of the following principles? (i) free markets allocate the supply of goods to the buyers who value them most highly, as measured by their willingness to pay.(ii) free markets allocate the demand for goods to the sellers who can produce them at the least cost. a. neither (i) nor (ii)b. (i) onlyc. (ii) onlyd. both (i) and (ii)
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Business, 22.06.2019 06:00
Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
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Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
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Business, 22.06.2019 11:00
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a...
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