Ecient but not feasible b ecient and feasible c

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Unformatted text preview: the firm has posi*ve profit. b.  the marginal benefit of running the ad is at least as great as the marginal cost of the ad. c.  the ad is increasing the number of customers. d.  the ad is increasing the total revenue of the firm. Ques*on 11 Points that lie outside a country’s produc*on possibili*es fron*er are a.  efficient but not feasible. b.  efficient and feasible. c.  feasible. d.  not feasible. Ques*on 12 The shape of the produc*on possibili*es fron...
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This note was uploaded on 09/16/2011 for the course ECO 2023 taught by Professor Underwood-caputo during the Spring '08 term at University of Central Florida.

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