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

Author Question: In a perfectly competitive equilibrium with production and trade, which of the following results ... (Read 70 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
In a perfectly competitive equilibrium with production and trade, which of the following results occur(s)?
 
  A) Pareto-efficiency is obtained.
  B) The First Welfare Theorem is satisfied.
  C) There is efficiency in production.
  D) All of the above.

Question 2

The slope of the isoquant tells the firm how much
 
  A) output increases when labor increases by one unit.
  B) output increases when capital and labor are doubled.
  C) capital must decrease to keep output constant when labor increases by one unit.
  D) a unit of capital costs relative to the cost of labor.
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

cici

  • Sr. Member
  • ****
  • Posts: 325
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 56% of students answer this correctly


fahad

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 1, 2018
Thank you


cici

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

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.

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Lab results Lab results
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
The results from West and Crook's study of memory for telephone numbers The results from West and Crook's study of memory for telephone numbers
Results and interpretation of a mixed copolymer Results and interpretation of a mixed copolymer
The Meselson–Stahl experimental results The Meselson–Stahl experimental results
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library