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Author Question: Any competitive equilibrium is Pareto efficient because, with a competitive equilibrium, A) the ... (Read 122 times)

FButt

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on: Jul 1, 2018
Any competitive equilibrium is Pareto efficient because, with a competitive equilibrium,
 
  A) the marginal rates of substitution are equal for all consumers.
  B) the price line is the contract curve.
  C) mutual gains from trade exist.
  D) the slope of the price line equals the ratio of the MRS for all consumers.

Question 2

Assume baseball player salaries are fully determined before the season starts. From the point of view of the baseball team owner, player salaries during the course of the season are then
 
  A) variable costs.
  B) marginal costs.
  C) fixed costs.
  D) average costs.
Microeconomics ¦ Perloff ¦ 8th Edition
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Viet Thy

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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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FButt

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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