2014_alte grile_Recapitulare_RASPUNSURI

2 times as many cars if the price of apples is 5 and

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Unformatted text preview: ncome always increases at a rate of 3.2 percent as price increases, consumers are likely to buy 3.2 times as many cars If the price of apples is $5 and the price of bread is $3, then the marginal rate of transformation apples of apples for bread is 5 3/5 3 – 5/3 Consider the following demand curve for neckties: Q = 500 – 15P. If P = 10, then the elasticity Consider of demand is 0.1 0.43 15 4.2 The reason that the total product function (TP) may increase at an increasing rate is o The firm earns more profits at higher levels of output o Specialization and division of labour o Costs de...
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This document was uploaded on 01/25/2014.

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