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Which of the following is true?   Neither FGT(α=2) nor FGT(α=3) satisfy the transfer sensitivity axiom.   FGT(α=3) satisfies the transfer sensitivity axiom but FGT(α=2) does not.   FGT(α=2) satisfies the transfer sensitivity axiom but FGT(α=3) does not.   Both FGT(α=2) and FGT(α=3) satisfy the transfer sensitivity axiom.

Which of the following is true?   Neither FGT(α=2) nor FGT(α=3) satisfy the transfer sensitivity axiom.   FGT(α=3) satisfies the transfer sensitivity axiom but FGT(α=2) does not.   FGT(α=2) satisfies the transfer sensitivity axiom but FGT(α=3) does not.   Both FGT(α=2) and FGT(α=3) satisfy the transfer sensitivity axiom.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 4E
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Which of the following is true?

 

Neither FGT(α=2) nor FGT(α=3) satisfy the transfer sensitivity axiom.

 

FGT(α=3) satisfies the transfer sensitivity axiom but FGT(α=2) does not.

 

FGT(α=2) satisfies the transfer sensitivity axiom but FGT(α=3) does not.

 

Both FGT(α=2) and FGT(α=3) satisfy the transfer sensitivity axiom.

 

 

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