« previous next »

Author Question: The fact that any Pareto-efficient equilibrium can be achieved through competition by adjusting ... (Read 210 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?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Species of the algal genus Dinobryon not only photosynthesize, but are also efficient predators of b Species of the algal genus Dinobryon not only photosynthesize, but are also efficient predators of b
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital" Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Biking competition in the park Biking competition in the park
European swimming competition European swimming competition
Video: Energy sources - types

For a complete list of videos, visit our video library