« previous next »

Author Question: If firms are producing efficiently, but consumers can reallocate goods amongst themselves, A) the ... (Read 33 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
 
  A) the equilibrium is not efficient.
  B) the equilibrium is efficient.
  C) the consumers are behaving irrationally.
  D) the firms are too greedy.

Question 2

If Option A costs 40 and yields 20 units of output, and Option B costs 50 and yields 30 units of output,
 
  A) Option B and Option A are equally economically efficient.
  B) Option B is economically efficient relative to Option A.
  C) Option A is economically efficient relative to Option B.
  D) It is not possible to determine which option is more economically efficient.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Kimmy

  • Sr. Member
  • ****
  • Posts: 342
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
« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ... The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ...
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Producing human insulin in E. coli Producing human insulin in E. coli
Video: Physiology of Asthma

For a complete list of videos, visit our video library