This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The First Theorem of Welfare Economics states that: a. only Walrasian equilibria can be Pareto ... (Read 57 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jul 1, 2018
The First Theorem of Welfare Economics states that:
 a. only Walrasian equilibria can be Pareto optimal.
  b. all Walrasian equilibria are Pareto optimal.
  c. a Walrasian equilibrium price vector can always be found.
  d. some Walrasian equilibria may be unfair.

Question 2

Which of the following would not be classified as a capital expenditure for decision-making purposes?
 a. purchase of a building
  b. investment in a new milling machine
  c. purchase of 90-day Treasury Bills
  d. investment in a management training program
  e. all of the above are capital expenditures


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Gabe

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
Decomposition of Productivity Gap Between India and the United States Decomposition of Productivity Gap Between India and the United States
economics economics
Four color theorem Four color theorem
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library