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 82 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?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

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

Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
Energy Production Energy Production
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Results of the serial dilution technique and subsequent culture of bacteria Results of the serial dilution technique and subsequent culture of bacteria
The Meselson–Stahl experimental results The Meselson–Stahl experimental results
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library