This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The First Theorem of Welfare Economics can be expressed as A) the competitive equilibrium results ... (Read 34 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
The First Theorem of Welfare Economics can be expressed as
 
  A) the competitive equilibrium results only when no transactions costs exist.
  B) the competitive equilibrium does not involve reallocation of endowments.
  C) any efficient allocations can be achieved by competition.
  D) the competitive equilibrium is efficient.

Question 2

If the average cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
 
  A) AFC is falling.
  B) AVC is rising.
  C) MC > AVC.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 29% of students answer this correctly


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses. The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses.
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
economics economics
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
Video: Wound Cultures

For a complete list of videos, visit our video library