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A Competitive Equilibrium Has the Following Property
A) MPn=tM P _ { \mathrm { n } } = t

Question 46

Multiple Choice

A competitive equilibrium has the following property


A) MPn=tM P _ { \mathrm { n } } = t .
B) MRSl,c=TFPM R S l , c = T F P .
C) MPN=M P _ { N } = slope of PPFP P F .
D) MRT1,C=MPNM R T _ { 1 , C } = M P _ { N } .
E) MRS1,C=PPFM R S _ { 1 , C } = P P F .

Correct Answer:

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