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

Author Question: In order to assure allocative efficiency: a. people's marginal rate of substitution must equal the ... (Read 114 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jul 1, 2018
In order to assure allocative efficiency:
 a. people's marginal rate of substitution must equal the economy's rate of product transformation.
  b. people's marginal rate of substitution must equal the firm's rate of technical substitution among inputs.
  c. a firm's rate of technical substitution must equal the economy's rate of product transformation.
  d. all of the above.

Question 2

The antitrust laws regulate all of the following business decisions except ____.
 a. collusion
  b. mergers
  c. monopolistic practices
  d. price discrimination
  e. wage levels


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

e


anshika

  • Hero Member
  • *****
  • Posts: 510
Reply #2 on: Jul 1, 2018
Thank you


mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Exercise increases the heart rate. Exercise increases the heart rate.
Where do you think these people fit in Gans’ classification of urban dwellers? Where do you think these people fit in Gans’ classification of urban dwellers?
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Out of Many: A History of the American People Out of Many: A History of the American People
Sensory receptor synapses with first-order sensory neuron Sensory receptor synapses with first-order sensory neuron
The order of gene transfer in four Hfr strains The order of gene transfer in four Hfr strains
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library