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Author Question: The First Theorem of Welfare Economics states that: a. only Walrasian equilibria can be Pareto ... (Read 37 times)

LaDunn

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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


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Gabe

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


LaDunn

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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