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    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
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    Price Reflects the Value Households Place on a Good and Marginal
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Price Reflects the Value Households Place on a Good and Marginal

Question 75

Question 75

Multiple Choice

Price reflects the value households place on a good and marginal cost reflects the ________ of the resources needed to produce a good.


A) quantity
B) opportunity cost
C) productivity
D) availability

Correct Answer:

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