« previous next »

Author Question: The fact that any Pareto-efficient equilibrium can be achieved through competition by adjusting ... (Read 185 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
The fact that any Pareto-efficient equilibrium can be achieved through competition by adjusting endowments is called
 
  A) the Second Welfare Theorem.
  B) the First Welfare Theorem.
  C) the Third Welfare Theorem.
  D) That is not possible.

Question 2

A firm's cost curve is determined by
 
  A) congressional laws.
  B) whether the firm hires engineers or not.
  C) natural laws.
  D) the firm's production function.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bcretired

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jul 1, 2018
Thank you :)


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

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.

Competition among Paramecium species. Competition among Paramecium species.
(a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit (a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Modern commercial fishing is highly efficient Modern commercial fishing is highly efficient
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library