« previous next »

Author Question: In a two-agent two-good economy, a Pareto-efficient allocation implies that A) no further ... (Read 77 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jul 1, 2018
In a two-agent two-good economy, a Pareto-efficient allocation implies that
 
  A) no further mutually beneficial trades are possible.
  B) agents' indifference curves intersect each other.
  C) agents' marginal rate of substitution are different.
  D) agents' marginal rate of transformation are different.

Question 2

If average cost is decreasing,
 
  A) marginal cost equals average cost.
  B) marginal cost exceeds average cost.
  C) marginal cost is less than average cost.
  D) Not enough information is given.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
(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 ...
A typical reaction in which NAD+ acts as an oxidizing agent A typical reaction in which NAD+ acts as an oxidizing agent
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Politics, Power and the Common Good: An Introduction to Political Science, 5/E Politics, Power and the Common Good: An Introduction to Political Science, 5/E
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library