« previous next »

Author Question: The fact that any Pareto-efficient equilibrium can be achieved through competition by adjusting ... (Read 209 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
The fact that any Pareto-efficient equilibrium can be achieved through competition by adjusting endowments is called
 
  A) the Second Welfare Theorem.
  B) the First Welfare Theorem.
  C) the Third Welfare Theorem.
  D) That is not possible.

Question 2

A firm's cost curve is determined by
 
  A) congressional laws.
  B) whether the firm hires engineers or not.
  C) natural laws.
  D) the firm's production function.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bcretired

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jul 1, 2018
Thank you :)


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
An example of sodium balance achieved by the coordinated actions of three hormones. An example of sodium balance achieved by the coordinated actions of three hormones.
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
European swimming competition European swimming competition
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Decubitus Ulcer

For a complete list of videos, visit our video library