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Author Question: Suppose two people start with an initial endowment and trade until they obtain a Pareto-efficient ... (Read 34 times)

audie

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on: Jul 1, 2018
Suppose two people start with an initial endowment and trade until they obtain a Pareto-efficient allocation with the corresponding price line. What happens when more people who have the same tastes and endowments as the original two traders are included in the Edgeworth box analysis?
 
  A) The price line does not change.
  B) The price line becomes flatter.
  C) The price line becomes steeper.
  D) The price line shifts up or down depending upon how many of each type of trader is included in the analysis.

Question 2

Which of the following will cause the marginal 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 1 million advertising campaign by the American Cancer Society
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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TINA

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audie

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
:D TYSM

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