Question: 7. Do increasing marginal costs result from the rising wages of workers? 8. Do firms produce where the ATC (or MC) curve is at its

7. Do increasing marginal costs result from the rising wages of workers? 8. Do firms produce where the ATC (or MC) curve is at its minimum? 9. How could utility theory help us understand the difference between a provincial income tax and a provincial sales tax on consumer consumption patterns 10. How does utility theory differentiate a "need" from a "want

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