If only two people are trading their endowments and no production is possible, then the equilibrium they reach will
A) be on their contract curve.
B) result in unequal marginal rates of substitution for the two people.
C) result in one person being worse off than with his or her endowment.
D) All of the above.
Question 2
Joey's Lawncutting Service rents office space from Joey's dad for 300 per month. Joey's dad is thinking of increasing the rent to 400 per month. As a result Joey's marginal cost of cutting grass will
A) increase by 100 divided by the amount of grass cut.
B) increase by 100.
C) decrease by 100.
D) not change.
In 2006 an Iraqi tribunal convicted Saddam Hussein of murdering his own people and sentenced him to
In middle childhood, children are increasingly able to understand other people’s thoughts, ...
Production of Ethanol process
Modern Predication of Peak in Global Oil Production
British Iron Production, 1600–1870
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...