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  3. 1a) is a marginal value curve the same as a margin

1a) Is a marginal value curve the same as a marginal cost curve? 1b) How does arbitrage-...

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Economics

1a)Is a marginal value curve the same as a marginal cost curve?
1b) How does arbitrage- buying low in one market and sellinghigh in another increase market effciency?

Please answer with simple words and no mathematical jargonthat cannot be understood.

Answer & Explanation Solved by verified expert
4.3 Ratings (719 Votes)
1 a Marginal cost curve represents the additional cost incurred by the firm in one additonal output It can be determined as the incremental cost In the other hand A marginal Value curve    See Answer
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