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Author Question: In a perfectly competitive equilibrium with production and trade, which of the following results ... (Read 73 times)

fahad

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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
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cici

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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.
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fahad

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Reply #2 on: Jul 1, 2018
Thank you


cici

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Reply #3 on: Jul 1, 2018
No problemo


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