« previous next »

Author Question: A competitive equilibrium is Pareto efficient because at the competitive equilibrium, A) prices ... (Read 81 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
A competitive equilibrium is Pareto efficient because at the competitive equilibrium,
 
  A) prices have been allowed to adjust.
  B) there are no further gains from trade.
  C) the final outcome is different from the original inefficient endowment.
  D) all members of society can be made better off.

Question 2

Which of the following will cause the average fixed cost curve of making cigarettes to shift?
 
  A) a 5 million penalty charged to each cigarette maker
  B) a 1 per pack tax on cigarettes
  C) a 3 per hour wage increase
  D) an increase in the demand for cigarettes
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library