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Author Question: The First Theorem of Welfare Economics can be expressed as A) the competitive equilibrium results ... (Read 67 times)

Zulu123

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on: Jul 1, 2018
The First Theorem of Welfare Economics can be expressed as
 
  A) the competitive equilibrium results only when no transactions costs exist.
  B) the competitive equilibrium does not involve reallocation of endowments.
  C) any efficient allocations can be achieved by competition.
  D) the competitive equilibrium is efficient.

Question 2

If the average cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
 
  A) AFC is falling.
  B) AVC is rising.
  C) MC > AVC.
  D) All of the above.
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alexanderhamilton

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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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Zulu123

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Jsherida

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Reply 3 on: Yesterday
:D TYSM

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