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 53 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
Great answer, keep it coming :)

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

The extent of acid rain in the United States has decreased. The extent of acid rain in the United States has decreased.
States that require licensing or certification. Graphic provided by Associated Bodywork & ... States that require licensing or certification. Graphic provided by Associated Bodywork & ...
The three states of matter: solid, liquid, and gas. The three states of matter: solid, liquid, and gas.
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Economics question Economics question
Kudzu native to Asia is overgrowing trees across the southeastern United States. Kudzu native to Asia is overgrowing trees across the southeastern United States.
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library