=+ b. In a market economy, each resource will tend to be paid according to its marginal

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b. "In a market economy, each resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices." *

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 28, 2024 05:02 AM

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=+ b. In a market economy, each resource will tend to be paid according to its marginal

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Microeconomics Private And Public Choice

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