If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
A) the equilibrium is not efficient.
B) the equilibrium is efficient.
C) the consumers are behaving irrationally.
D) the firms are too greedy.
Question 2
If Option A costs 40 and yields 20 units of output, and Option B costs 50 and yields 30 units of output,
A) Option B and Option A are equally economically efficient.
B) Option B is economically efficient relative to Option A.
C) Option A is economically efficient relative to Option B.
D) It is not possible to determine which option is more economically efficient.
The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
Firms Incorporated into U.S. Steel
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty