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 74 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?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

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?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
The immune response results from activation of the humoral and cell-mediated immune systems The immune response results from activation of the humoral and cell-mediated immune systems
Production of prototrophs as a result of genetic recombination Production of prototrophs as a result of genetic recombination
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Test-Cross Results from Mendel’s Experiments Test-Cross Results from Mendel’s Experiments
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library