« previous next »

Author Question: Any competitive equilibrium is Pareto efficient because with a competitive equilibrium, A) the ... (Read 89 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jul 1, 2018
Any competitive equilibrium is Pareto efficient because with a competitive equilibrium,
 
  A) the marginal rates of substitution are equal for all consumers.
  B) the price line is the contract curve.
  C) mutual gains from trade exist.
  D) the slope of the price line equals the ratio of the MRS for all consumers.

Question 2

Firms are organized to keep their costs as low as possible by
 
  A) comparing external transactions costs with internal operating cost.
  B) analyzing supply and demand conditions.
  C) minimizing their use of borrowed funds.
  D) utilizing the latest technology.


Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Competitive inhibition Competitive inhibition
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Competitive inhibitor Competitive inhibitor
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Competitive firms and maximization Competitive firms and maximization
Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b
Video: Rods and Cones Animation

For a complete list of videos, visit our video library