« previous next »

Author Question: A competitive equilibrium is Pareto efficient because at the competitive equilibrium, A) prices ... (Read 89 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
A competitive equilibrium is Pareto efficient because at the competitive equilibrium,
 
  A) prices have been allowed to adjust.
  B) there are no further gains from trade.
  C) the final outcome is different from the original inefficient endowment.
  D) all members of society can be made better off.

Question 2

Which of the following will cause the average fixed cost curve of making cigarettes to shift?
 
  A) a 5 million penalty charged to each cigarette maker
  B) a 1 per pack tax on cigarettes
  C) a 3 per hour wage increase
  D) an increase in the demand for cigarettes
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
(A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ... (A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library