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Author Question: If a society only cares about efficiency and not equity, then A) all points on the contract curve ... (Read 71 times)

KWilfred

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If a society only cares about efficiency and not equity, then
 
  A) all points on the contract curve yield the same level of social welfare.
  B) it will not rely on competitive markets to allocate goods.
  C) it will maximize the utility of its worst-off member.
  D) an equitable outcome is impossible.

Question 2

What are the functions for MC and AC if TC = 20q + 10q2?
 
  A) MC = 20q; AC = 10q2
  B) MC = 20 + 20q; AC = 20 + 10q
  C) MC = 20 + 10q; AC = 10 + 10q2
  D) MC = 20 + 20q; AC = 10q


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courtney_bruh

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KWilfred

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


Bigfoot1984

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Reply 3 on: Yesterday
Wow, this really help

 

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