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Microeconomics SAC and LAC curve - Assignment

   

Added on  2019-10-31

8 Pages961 Words120 Views
Running head: MICROECONOMICSMicroeconomicsName of the StudentName of the UniversityAuthor note

1MICROECONOMICSTable of ContentsAnswer 1..........................................................................................................................................2Answer 2..........................................................................................................................................3Answer 3..........................................................................................................................................5Answer 4..........................................................................................................................................6References........................................................................................................................................7

2MICROECONOMICSAnswer 1i.d) theisoquantii.d)marginalcostofproduction.iii.c) hermostpreferredbundleofgoodsandservicesthatshecanafford.iv.a) thehorizontalsummationofindividualdemandcurvesv.d)HestrictlyprefersbundleCtobundleB.HeweaklyprefersbundleBtobundleA.HeisindifferentbetweenbundleCandbundleA.

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