Question List for "Microeconomics"

  Topics Views Last post
Microeconomics » In a two-agent two-good economy, a Pareto-efficient allocation implies that A) no further ... New
Started by kfurse
41 Jul 1, 2018
Microeconomics » Any point on the contract curve is Pareto efficient regardless of the initial endowment. Indicate ... New
Started by WhattoUnderstand
56 Jul 1, 2018
Microeconomics » If two grade-school children willingly trade their lunches with one another, we can conclude that at ... New
Started by darbym82
53 Jul 1, 2018
Microeconomics » When two people trade their initial endowments to a point on the contract curve, only the level of ... New
Started by Chelseaamend
48 Jul 1, 2018
Microeconomics » Explain why having different marginal rates of substitution is necessary for trade to occur. What ... New
Started by imowrer
53 Jul 1, 2018
Microeconomics » The First Theorem of Welfare Economics can be expressed as A) the competitive equilibrium results ... New
Started by Zulu123
39 Jul 1, 2018
Microeconomics » Suppose two people start with an initial endowment and trade until they obtain a Pareto-efficient ... New
Started by audie
42 Jul 1, 2018
Microeconomics » In a competitive marketplace, prices adjust until A) MRS's are equal to zero. B) excess supply ... New
Started by CBme
107 Jul 1, 2018
Microeconomics » A competitive equilibrium is Pareto efficient because at the competitive equilibrium, A) prices ... New
Started by FButt
67 Jul 1, 2018
Microeconomics » The fact that at the competitive equilibrium nobody can be made better off without making someone ... New
Started by sjones
39 Jul 1, 2018